The FCA provided the following information;- Connect is the new online system that will be used by Firms to submit applications and notifications to the FCA. Connect will replace the majority of applications that are currently submitted on the Online Applications & Notifications (ONA) system. Connect introduces...
The Financial Conduct Authority (FCA) has launched a consultation to review whether rules need to be amended/updated to clarify its supervision of financial promotions within social media. This includes Twitter, LinkedIn and Facebook pages. Firms have until 6th November to review and feedback any comments...
A summary of the expected incoming changes to the IMD rules can be found by clicking here....
Please click on this link for a summary of the FCA's recent review TR14/9. Please ensure your firm is acting within the scope of the FCA's findings. If you have any questions, please refer to your usual BMR representative....
The FCA have published their recent edition of Regulation round-up. Please click on this link to view....
The FCA recently advised us that ‘trading names’ or ‘trading styles’ used by regulated firms, or their AR’s, need to have permission given to them by the Sensitive Business Names department at the FCA, if they contain the following words; Assurance Assurer Banc Bank Banking Friendly Society Fund Insurance Insurer Mutual Reassurance Reassurer Reinsurance Reinsurer Underwrite Underwriting Please see the attached link...
FCA consumer credit periodic fee rates for 2014/15...
From the 1st October 2014 the FCA will be launching a new system called Connect and this will replaced the current Online Notifications and Applications system (ONA). Like ONA the connect system will be used to advise the FCA of changes to Approved Persons, Appointed Representatives,...
The Financial Ombudsman Service (FOS) have moved address on 1/6/14. Whilst the postcode remains the same, firms will need to update documentation that refers to the address such as TOBA's and complaints procedures. The new address is: Exchange Tower Harbour Exchange Square London E14 9SR The FOS is producing a revised...
Final number of firms with interim permission When the FCA took over regulation of consumer credit from the beginning of this month, 49,405 had registered for interim permission. Interim permission allows firms to continue carrying out regulated consumer credit activities until they are authorised by the FCA. Authorisation is...