On 16th May 2022, the FCA provided their response to a Freedom of Information request which made enquires as to the number of Enforcement Actions the FCA is undertaking into those firms who have general insurance broking permissions. In light of the wording of the...
In January 2021 the FCA announced what it referred to as its ‘use it or lose it’ campaign, reminding firms of their obligation to regularly review regulatory permissions to ensure they are up to date and removed where they are not needed. Following a Consultation...
The FCA has refused to authorise a regulatory consulting business to provide regulatory hosting services for Appointed Representatives. The Final Notice published by the FCA sets out the detail behind the reasons for the authorisation refusal. The FCA stated in the...
We have recently been made aware that Lloyds Bank and Bank of Scotland (part of the Lloyds Banking Group) have been sending communications to insurance broking firms that hold client monies in undesignated client accounts. The communications are advising brokers that...
Nikhil Rathi, the FCA CEO, has announced the publication of the FCA Business Plan 2022/23, continuing to set out the re-shaping and transformation of the FCA in what is his second FCA Business Plan. This has been issued alongside a new three-year Strategy document,...
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
