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 probably better to …
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 to weed out …
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 the SM&CR. You …
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 this kind of …
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 lengthy and complex …
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 the potential for …
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 the Certification component …
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 and Complaints Handling …
The Financial Conduct Authority (FCA) has published a series of papers explaining how it plans to implement the Senior Managers & Certification Regime across all sectors of the financial services industry. At present, the Regime only applies to the banking …