23 June 2022 The third anniversary of the Senior Management and Certification Regime (SM&CR) is fast approaching. It’s not a red-letter day, but with the passing of another year, it seems like a good time to ask if your certification …
20 June 2022 IFPR is not the only contentious acronym hitting the headlines recently. The Appointed Representatives regime (ARR) has morphed in the last few years into a controversial debate about how financial products and services should be delivered. Whilst …
22 November 2021 Consumer Duty: Sounds a bit like a new tax on advisers, doesn’t it? You’ve probably heard the term floating around in FCA communication, but do you really know how the proposed legislation will impact your firm? It’s …
8 June 2021 The FCA is often criticised for authorising individuals with ‘interesting histories’ and yet, in the same breath, for taking so long to approve applications. Factual evidence would suggest these criticisms are fair. The FCA should do more …
21 October 2020 We were pleased to brief readers of Professional Adviser about the need for IFAs to prioritise the submission of data for the new ‘FCA Directory of certified and assessed persons’ which is going live later this year under …
20 August 2020 How to get professional indemnity as a financial adviser. If you’re an adviser, you’ll know that maintaining compliant professional indemnity is one of the greatest challenges advisers you’ll face in 2021. The number of insurers who underwrite …
11 August 2020 Jeremy Smith of B-Compliant takes a look at the key things you need to know if you are an IFA thinking of ‘going discretionary‘. The FCA approval process for becoming a discretionary fund manager (DFM) can seem …
19 May 2020 A new arrangement between HMRC and the FCA highlights the need for advisors to remain vigilant of their compliance obligations surrounding furloughed staff. A collaboration agreement between the FCA and HMRC, announced on May 1st 2020, has …
16 September 2019 Who needs to read this- Senior Management Retail Investment Advisers Mortgage Advisers Training and Competence Supervisors The Certification Regime With a lot of the awareness quite rightly on the SMCR currently, we wanted to really focus on …
8 October 2018 From April 1 2019, regulation of claims management companies (CMCs) will pass from the Claims Management Regulator at the Ministry of Justice (MoJ) to the Financial Conduct Authority (FCA). The existing MoJ Conduct of Authorised Persons Rules …