The FCA’s executive director of consumers and competition Sheldon Mills spoke recently at the launch event for a report on Accelerating Black Inclusion published by think tank New Financial. Mills outlined why black inclusion matters to the regulator. ‘Diversity and...
The FCA has introduced changes to its rules on travel insurance and medical conditions, which come into effect next week. From the 26th April 2021 it will be a requirement that where a customer has a more serious medical condition and suitable cover cannot be...
A recent article in the FCA-hosted Insights newsletter considers whether and how firms’ culture can be measured, offering a potentially interesting insight into how the FCA could be looking at this important, if somewhat intangible, challenge. It notes that culture...
Following a consultation in August last year the FCA has announced it will be extending the number of firms required to submit an annual financial crime reporting (REP-CRIM) form, from 2,500 to around 7,000. Completed and returned REP-CRIM forms provide the FCA with...
In a speech at the AML & ABC Forum event on 24 March, the FCA’s Mark Stewart stressed the importance of firms having ‘purposeful’ anti-money-laundering controls in place. Detecting and investigating breaches of the AML regulations in SYSC 6.3 and the...
Having worked through the 73 responses to its consultation paper CP19/32 issued late last year, the FCA has published a policy statement, PS21/3, outlining its final rules on building operational resilience, which are due to come into force on 31 March next year....
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