BMR Compliance

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

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.    ...

As the FCA have almost completed their move to Stratford, firms can now update any documents that contain the FCA’s address such as TOBA’s etc. The new address is 12 Endeavour Square, London, E20 1JN....

  CMC consultation briefing Update FCA sets out plans for regulation of claims management companies FCA Claims Management Consultation Good afternoon, We have published a Consultation Paper on how we propose to regulate Claims Management Companies. This Consultation Paper sets out our draft rules and guidance, and asks a series of...

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We have recently received the attached from the Central Bank of Ireland regarding the process for brokers who wish to continue to provide services to clients based in Ireland post Brexit. If you currently have a passporting permission to Ireland please ensure you read and execute...