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...
It has come to our attention, that many brokers have out of date FOS leaflets. These have changed recently to incorporate FCA changes as well as changes to the FOS complaints process. Please ensure you have the up to date version, or order new ones...
FCA and follow up telephone verification calls...
The FCA is holding another webinar in a couple of weeks for consumer credit firms on applying for authorisation. It will be a good opportunity to put forward any questions you may have and hear the latest on the authorisation process. Sign up to the next...