We have received the following from the FCA.
“Many of you will be aware that we issued the first phase of the Covid-19 Impact Survey in June 2020, covering around 13,000 firms across 15 Supervision portfolios (Tranche 1), and then rolled this out to a further 9,500 firms in 21 portfolios (Tranche 2) at the beginning of August 2020. Since then we have repeated this survey for both Tranches four more times to understand the change in firms’ financial positions with time. The survey has helped us obtain an accurate view of the impact of Covid-19 and supported our work to mitigate risks of harm to consumers, the market and competition within it.
Please note: we will not be repeating the sixth round of this survey until early 2022.
In its place, we invite firms to complete a short feedback survey which seeks to collect anonymous feedback on the financial questions (cash balances, liquidity, capital) within the Covid-19 Impact Survey.
We will e-mail the feedback survey to firms between 22 October – 12 November 2021.
This is a voluntary survey and, as such, firms are under no obligation to complete it; we would just like to ask a few questions about their experience to improve the process going forward.
Firms will be e-mailed a link to complete the survey online (not through RegData). It is designed to be easy to complete even via a mobile phone and we expect that most firms will not need more than an hour to complete. If firms need a different individual within their organisation (or a consultant) to answer and submit the survey, the link can be forwarded to the required person.
We know firms will be concerned about phishing emails and scams. When they receive the survey, we ask that firms check it is from either FCA@fcanewsletters.org.uk or an @fca.org.uk email address.”



Questions, questions…
Paul Jay Compliance 2023, FCA, Periodic Review, PI, platform, training, vulnerable, Xplan
As a result of firms needing to implement Consumer Duty this year (and many still don’t appear to have their act together yet), there hasn’t been much output from the regulator in the latter half of 2023. That has changed. In recent weeks the FCA seems to have issued more paper than confetti at a […]