Another March reminder!
Solo-regulated firms must submit their Directory Persons data via Connect by 31 March 2021.
Submissions of 10 persons or more using the multiple upload functionality must be done between 11 January and 18 March to ensure submissions are processed ahead of the deadline.
A failure to submit required data in time would be a breach of regulatory reporting requirements and could lead to enforcement or supervisory action.
There is a £250 admin fee for late or incorrect submissions.
Model behaviour
Alistair MacDougall Compliance Drawdown, EBI, FCA, ML, PI, Switch
The advent of Consumer Duty has catalysed a lot of focus on fair value, or at least a lot of chat. Anecdotal evidence would appear to suggest that many firms may not have made any material changes to their charging structures. However, a recent survey by Schroders gave rise to a headline in the financial […]