The latest FCA Positive Compliance workshops will focus on the regulatory requirements of RDR (morning session) and the use of Centralised Investment Propositions and Replacement Business (afternoon session).
We don’t expect any startling revelations from the FCA because these topics have been well documented.
However ……..
…….. the fact that the FCA feels that workshops are necessary suggests that they remain concerned about standards. Recent RDR thematic reviews have highlighted significant non-compliance, while the potential mis-use of CIPs and switching into CIPs poses significant risk for consumers.
The workshops therefore provide the opportunity to hear directly from the horse’s mouth and to see examples of good (and poor) practice.
For a list of dates and venues click here. Further information is available here and here.
Operational resilience: preparing for the switch from analogue to digital phone lines
Richard Foster Compliance FCA, Switch
The FCA has recently issued a reminder to firms about forthcoming changes to the UK telephone system. The current analogue phone network (known as the Public Switched Telephone Network or PSTN) is starting to be switched off across the UK. It will be completely decommissioned by the end of 2025, migrating to a […]