The FCA has announced a new series of monthly Q&A roundtable discussions for mortgage intermediaries and lenders across the UK, with the first stop in Glasgow on 29 October. There is no set agenda for these sessions; topics for discussion are determined by the attendees at each session.
These informal monthly ‘Ask the regulator’ events will conclude in March 2020.
Details of the dates and venues can be found in the registration page of the FCA website.
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Policy Statement PS21/4 summarises the FCA’s proposals to increase the number of firms (by circa 4500) who need to submit the annual financial crime report, which they refer to as ‘REP-CRIM’, based on its assessment and understanding of their business activities and potential money laundering risks. The REP-CRIM return provides the FCA with a range […]
We completed the latest upgrade to ATEB Suitability on 27th May 2021. This update comes at no additional cost and provides various template & content management enhancements as well as performance improvements for data integration loading times. Full details of the enhancements can be found in the tables below, but some of the highlights are: […]
Everyone involved with defined benefit pension transfer advice should by now be very aware that contingent charging is banned for all recommendations in relation to pension transfers or conversions except where the client qualifies for one of the two exemptions. The exemptions to the ban on contingent charging, which the FCA chose to call ‘carve-outs’ […]
From 1 June 2021, the FCA will no longer be accepting Change of Legal Status applications. Instead, if you are thinking of changing your firm’s legal status, you will need to submit a New Authorisation application*. You will also need to cancel the previous entity’s permissions. When submitting an application for the new legal entity, […]
FCA expectations – temporary long term absence
Richard Foster Compliance 2020, 2021, Certification, Conduct, Directory, FCA, PI, Register, Senior Manager, transfer
Following consultation in CP20/23, which was published in December 2020, the FCA has made changes to the Handbook. The affected sections are: SYSC 25.4 FIT 1.3 SUP 10A.14, 10C.9, 10C.10, 10C.11, 10C.14, 10C Annex 2G and 10C Annex 6R Form D In summary, the changes to the Handbook are intended to reflect the FCA’s […]