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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Our file reviewers share their compliance turkeys.
From January 2020, firms will be required to submit their mandatory annual update via Connect.
A temporary restriction on the promotion of min-bonds is effective from January 2020, pending a wider consultation on permanent restrictions.
It’s the time of year for lists so we have listed our top 7 risk profiling issues.
Good news from 2019
Alistair MacDougall Compliance 2019
It wasn’t all doom and gloom.