This week, the FCA published the findings of its Call for Input on the PRIIPs regulation. What do the findings say, and do they have any concrete actions for Compliance teams?
The Packaged Retail and Insurance-based Investment Products regulation came in..
We’re into March – Brexit is (as of today, at least) happening this month.
With this in mind, the Financial Conduct Authority is ramping up its preparations. This week, the regulator published two new updates on how firms should plan for the UK’s departure from the EU.
This month, the FCA released a new video where banking leaders share their experiencesof adopting the Senior Managers and Certification Regime (SMCR).
How have they found the process of compliance, and what can we learn from their experience?
On 1 April 2019, the Financial Conduct Authority takes over regulation of the UK’s claims management industry. In preparation for this, the regulator recently published new rules for the sector intended to ‘boost consumer protection and professionalism’.
The Policy Statement, released at the end of ..
It’s a time of change. The UK financial services sector faces perhaps unprecedented uncertainty, with the shape of Brexit as yet undefined.
Nevertheless, the FCA has set out its annual Sector Views, analysing the industry. The publication is the regulator’s ‘annual analysis of the changing financia..
Last week, New Model Adviser reported that the Financial Conduct Authority had visited five SIPP firms. The firms in question were identified as being at a higher risk of not being able to respond to potential compensation claims.
This seems like a good opportunity to have another look at our advice..
This week, the FCA issued a warning to firms on misleading promotions for over-50s life cover.
The reminder to firms was sent as part of the regulator’s monthly regulation round-up.
It says that the FCA’s financial promotions team has noticed that in some promotions for life policies, consumers co..
This week (8 January), the Financial Conduct Authority published two further consultations in preparation for the UK’s exit from the EU.
The consultations cover:
This week, the Financial Conduct Authority published an open ‘Dear CEO’ letter, reminding regulated firms of their responsibilities relating to financial promotions.
2019 looks to be a year filled with new regulations, changes and challenges.
Nothing unusual there, then.
But with the UK’s departure from the EU, and a raft of upcoming legislative changes, the next 12 months look like being busier than most.
Compliance doesn’t come cheap. And with an ever-increasing list of regulations to comply with, alongside a growing focus on firms’ ethics and demands for more transparency than ever, the time and money spent on regulatory compliance looks set only to increase.
At the end of the year, we take a look back at the things that have kept Compliance teams busy over the last 12 months.
In January, we examined the five new regulations you would need to tackle in 2018.
This week, the Financial Conduct Authority released updated advice on how firms can prepare for Brexit.
If you provide advice on pension transfers, you will be interested in the key findings the FCA has released this week from its research in the area.