UKGI

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[UKGI @UKGI_Compliance]

The FCA has updated its MFA web page to confirm that MFA has now been launched. This has been introduced to strengthen how firms and others log into FCA systems and to further control and protect data access. Find out more here: https://t.co/r1tH48BRkW

[UKGI @UKGI_Compliance]

PMI Order Compliance Statement submission reminder.

Click here to view the explanatory notes and details on how to submit your compliance report. https://t.co/TNyMyW2WhO

[UKGI @UKGI_Compliance]

The latest update from UKGI includes details published by the FCA in relation to its updated guidance on supporting insurance customers in financial difficulty. Read more here: https://t.co/qbSGaIsxEI

[UKGI @UKGI_Compliance]

The FCA has sent a letter to Claims Management Companies (CMCs) which, although not as hard-line as their similar October 2020 Portfolio Letter, provides a window into the FCA’s current focus on unregulated activity.

Read more about this update here: https://t.co/BPxUXOSJ7f

[UKGI @UKGI_Compliance]

On 18th October 2022 the Lloyd’s Market Association (LMA) published a general guidance document for the implementation of the FCA Consumer Duty.
Read more on the Lloyd’s Market Association Bulletin and details of the key milestones, below. https://t.co/NWueAGDmIm

[UKGI @UKGI_Compliance]

The Financial Ombudsman Service (FOS) has published its' Insights blog outlining how the FOS is working with the FCA in relation to the implementation of the new Consumer Duty rules.

Read more here: https://t.co/VIwRlTiNql

[UKGI @UKGI_Compliance]

Last month, the FCA wrote to insurance product manufacturers and distributors about the deadline for compliance with the insurance pricing product governance remedy.

For more information, visit: https://t.co/ka4vFtsxfy

#insurance #compliance #fca

[UKGI @UKGI_Compliance]

FCA confirms new rules to improve oversight of Appointed Representatives (ARs). Read more about the updates to the AR regime here: https://t.co/4be86OrUoo

[UKGI @UKGI_Compliance]

UKGI's latest Bulletin (340) covers a selection of the FCA’s updated authorisation and application fees as outlined in its Policy Statement published in January 2022.
If you have any questions regarding the latest FCA requirements, contact our team at: [email protected]

[UKGI @UKGI_Compliance]

On 20th July, HM Treasury published details of legislation to enhance the competitiveness of UK financial services and unlock growth and investment across the UK.
Read more details about this legislation below.
https://t.co/5fNa5nyWWJ
#financialservicesindustry #growth

[UKGI @UKGI_Compliance]

Today the FCA has released, the much anticipated Policy Statement PS22/9, and final Guidance FG22/5 on Consumer Duty, providing clarity on the FCA’s expectations of firms to concentrate on what their customers need. Read more here: https://t.co/BT5qYW2AUl

[UKGI @UKGI_Compliance]

The FSCS has published its Annual Report and Accounts and the accompanying Class Statements. This analysis looks at the published information in the context of insurer solvency and the implications and consequences for insurance brokers. Read more here: https://t.co/vJQHetJFaM

[UKGI @UKGI_Compliance]

CII ‘rising stars’ insurance brokers call for the FCA to introduce mandatory qualifications to advise clients on insurance coverage.

Read more on this latest development from the CII by clicking the link below.
https://t.co/KM3k7r2cUs

[UKGI @UKGI_Compliance]

The FCA has published its 26th May 2022 Board meeting minutes, which cover a number of issues including the Consumer Duty and the Regulatory D&I. Read more on this update here: thhttps://ukgicompliance.com/fca-board-minutes-the-consumer-duty/

[UKGI @UKGI_Compliance]

The FCA has published the 2022/23 periodic regulatory fees and levies for the FCA, FOS, the Money and Pensions Service. Visit the Hot Topics section of our website to read more on this update: https://t.co/gFvlVwVfmQ

[UKGI @UKGI_Compliance]

The Bank of England will be withdrawing the legal tender status of paper £20 and £50 banknotes after 30th September 2022. Click the article below to find out what you need to do with your paper notes. https://t.co/uqpMZ3bQ7T

[UKGI @UKGI_Compliance]

The FSCS has published its May 2022 Outlook update which confirms the latest compensation and overall levy forecast for 2022/23.

Find out more about this update here: https://t.co/ZaORQaJ8bv

[UKGI @UKGI_Compliance]

The FCA has responded to a Freedom of Information request regarding Enforcement Actions undertaken into firms that operate with general insurance broking permissions.

Read more on this update here: https://t.co/FDtnarFdnI

[UKGI @UKGI_Compliance]

@JamesFosterLTD @LloydsBank @LloydsBankBiz (an industry-financed organisation that speaks on behalf of the banking industry), you may wish to try to contact Aminah Samad, Principal, Economic Crime. [3/3]

[UKGI @UKGI_Compliance]

@JamesFosterLTD @LloydsBank @LloydsBankBiz Insurance broking is not the only sector affected; we are aware that the property management sector has also been affected – in addition to your own sector. If you want to bring your sector’s issues to the attention of UK Finance [2/3]