We have three important reminders for you.
1 April 2017
Significant changes to how general insurance renewals must be processed come into effect on 1 April 2017. See here for more detail.
27 March 2017
Changes to how firms disclose services and costs apply from 27 March 2017. See here for more detail.
26 March 2017
British Summer Time starts. Look out those shorts and don’t forget to put your clocks forward at 1am on the 26th.
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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The FCA conducted a multi-firm review to assess whether manufacturers of general insurance and pure protection products are undertaking the necessary work to comply with PROD 4 of the FCA Handbook. The FCA will email a letter to all firms with general insurance permissions, and those that manufacture or distribute pure protection products by […]
The FCA has confirmed a delay to the introduction of Consumer Duty rules. The press release details are described in this note we have received from the FCA. “We have now published our Consumer Duty press release, policy statement and final guidance on our website – please see the links below: Press release: […]
The FCA has issued final guidance (FG22/4) for regulated firms entering into, or considering entering into compromise arrangements with creditors and/or shareholders. When economic conditions are challenging, inevitably some firms are unable to survive and may need to enter into compromise arrangements with some or all of their creditors and/or shareholders. This involves creating […]
The FCA recently published its Business Plan for 2022/23. The plan explains the programme of work for this year to achieve the three-year strategy also published recently. The plan states that the FCA has grouped its commitments into three areas: reducing and preventing serious harm – our focus is on protecting consumers from the harm that […]
Financial Sanctions Checks
Shirley McKenzie Compliance Conduct, FCA, PI
In response to Russia’s invasion of Ukraine, the FCA published information about the tranche of sanctions announced in relation to Russia and Belarus and the HM Treasury’s Office of Financial Sanctions Implementation (OFSI) has been regularly updating its publications to provide new information as it becomes available. Financial sanctions – a firm’s obligations The FCA […]