We wrote a few weeks ago about incoming changes to how firms access their FCA systems to upgrade data protection. You can read that article here.
The new system will replace the current 6-digit passcode with the user needing to log in using a One Time Passcode (OTP).
The implementation date of 20th January has now been delayed until Thursday 2nd February.
We will provide further updates as and when these are available.
Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.
ATEB Compliance offers compliance and regulatory advice.
ATEB Suitability provides report writing software for the financial services market.
Scheme data templates are available to make the process of obtaining scheme and member information more efficient.
Upgraded Costs and Charges Statement & Much More
The FCA has written to mortgage intermediaries setting out its expectations for mitigating identified risks to customers.
FCA expectations of all firms involved in claims management, including advisers wanting to help their own clients to pursue a complaint.
FCA reminder of SMCR Implementation
Alistair MacDougall Compliance FCA, SM&CR
Firms are reminded of the requirements and deadlines for implementing the SM&CR.