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.
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ATEB Suitability provides report writing software for the financial services market.
The FCA has issued a second guidance consultation relating to vulnerable customers.
An email hacking scam first seen a few years ago is back.
Do you have to provide a suitability report for clients that are not UK citizens?
The EU/US Privacy Shield agreement has been struck down by the ECJ.
Suitability Reports – avoiding common problems
Alistair MacDougall Compliance complaints, Pension, PI, Update
How to avoid some of the commonly found issues with Suitability Reports.