The FCA has published an exchange of correspondence between itself and the Financial Ombudsman Service (FOS) which sheds some light on the question of what allowances each intends making for the exceptional circumstances faced by many regulated firms in recent times....
The FCA has been singing the praises of its new data collection platform RegData, which it says is faster, easier to use, and based on more flexible technology than the outgoing Gabriel platform. The regulator is currently moving 120,000 users and 52,000 firms’ data...
The FCA has issued a Dear CEO letter setting out its views on the key potential risks of harm posed to customers by firms operating in the Lloyd’s and London market (LLM). The letter issued on 23 November also outlines what strategies and actions the regulator expects...
One of the many services we offer at UKGI is helping insurance firms set up and monitor a network of Appointed Representatives (ARs). We can carry out fit and proper checks on prospective ARs and Approved Persons, develop internal compliance manuals and procedures,...
The FCA has taken the opportunity of its latest Regulation Round-up email to remind insurers and intermediaries of their duty to ensure that risk transfer agreements are properly in place. In particular, the regulator said it has seen instances where Terms of Business...
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