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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Clients should not transfer unless that is in their best interests. The impact of initial and ongoing charges is one of the key factors that must be considered.
What should Principal Firms do in relation to ARs?
It is not enough for advice to be provided – it has to be understood.
9 December is approaching fast – are you ready for SM&CR?
SM&CR forms
Alistair MacDougall Compliance FCA, SM&CR, Update
Are you aware of all the forms associated with the SM&CR?