BMR Compliance

Providing bespoke, hands on compliance and training solutions to the General Insurance Industry

As the holiday season approaches, we often start looking for something to read for when we’re sat on the beach or around the pool. So, here’s some good reading material. The FCA have updated their webpages on SM&CR for solo-regulated firms with even...

As you are no doubt aware the definition of small business has changed in the FCA Complaints Source book (DISP). This now includes o Charity which has an annual income of less than £6,500,000 at the time the complainant refers the complaint to the firm o Trustee...

We have received the below from the FCA: We have published our final rules that will apply if the UK leaves the EU without a deal. We have made some changes to the near-final rules we published in February, which are set out...

From 1st April 2019, the definition of those eligible to refer complaints onto The Financial Ombudsman Service (FOS) is being increased. The current definition of an Eligible Complainant is:- • Consumers • A charity which has an annual income of less than £1,000,000 at the time the complainant refers the...

The FCA have announced plans to enable more SME (small to medium enterprise commercial) firms to have access to the Financial Ombudsman Service in the event of a complaint not being fully satisfied by a broker. This is estimated to give an additional 210,000...

The FCA have recently released their update on Brexit but we have also put together a summary of Brexit as it stands today – watch for the inked changes tomorrow! I must stress that this is guidance is from within the market and CANNOT be considered...

The FCA have released the following update but I have also attached my summary of the recent Senior Management Paper. We have a presentation and training that will be rolled out to everyone in early 2019, but if you have any questions in the...

The Public Concern at Work charity referred to in the whistle blowing policy has now changed its name to Protect and updated its telephone number.  Firms will need to update their whistleblowing policy to reflect the changes, firms should check www.protect-advice.org.uk for further details.    ...