The FCA are extending the Senior Managers and Certification Regime (SM&CR) to include solo-regulated firms from 9th December 2019. This extension aims to reduce harm to consumers and strengthen market integrity. There are 3 categories under the SM&CR: – Limited Scope: these firms will be exempt from some baseline requirements and will typically have fewer […]
Following on from their Mission back in April, the FCA yesterday published their Approach to Consumers document; with both TCF and vulnerable customer awareness being heavily featured. The overall aim of the document is to ensure well-functioning markets for consumers, with the Regulator advising that their starting point is for firms to treat customers fairly […]
The Financial Conduct Authority (FCA) have just published their 2017/18 Business Plan, setting out their objectives, sector priorities, risk outlook, ongoing activities and the sectors who will come under closer scrutiny in the coming year. The plan also provides information on how the FCA will continue to meet their 3 main operational objectives: – Protecting […]
For the first time, the Financial Conduct Authority (FCA) have published their Sector Views document alongside their annual release of their business plan, mission objectives and fee consultation paper. What are Sector Views? The FCA advise that “they need a view of how the financial system works as a whole, as well as within its […]
Have you ever had that sinking feeling the day before an audit from a client? The wave of panic as you run around at the eleventh hour trying to collate and create evidence to prove you have a diverse and robust compliance program, that your staff training regime is second to none and that your […]