The FCA has published its 26th May 2022 Board meeting minutes, which cover a number of issues including the Consumer Duty, the Regulatory D&I Framework, and the FCA’s Freedom of Information Act (FOI) and Subject Access Request (SAR) pressures. The Consumer Duty...
After 30 September 2022, the Bank of England will be withdrawing the legal tender status of paper £20 and £50 banknotes. After this date, only polymer notes will have legal tender status and you will no longer be able to use Bank of England paper notes in shops or to...
The FSCS has published its May 2022 Outlook update which confirms the latest compensation and overall levy forecast for 2022/23. The update also outlines FSCS priorities for 2022/23 which include embedding funeral plans into scope, working on customer experience of...
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...
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