The prevention of financial crime remains a key area of focus for the FCA. The risk of the insurance sector being used to facilitate financial crime continues to evolve. Nicky Hasler reminds firms of the need for a financial crime risk assessment that is regularly updated.
The FCA and HM Treasury have issued co-ordinated papers on the Appointed Representatives (AR) regime. It amounts to a root and branch review of the business model and how it is overseen from a legislative and regulatory perspective. Craig Umbleja looks at the proposals and explains why firms need to take note now.
On 15th November, in conjunction with the MGAA, Kenneth Underhill will be hosting a webinar looking at the current regulatory regime for Appointed Representatives as provided under the FSMA 2000, Register now.
The FCA and PRA have started to provide firms who are in the Temporary Permission Regime (TPR) with “landing slots”. Craig Umbleja explains what firms in the TPR must do and how ICSR can help.
The FCA have issued guidance for firms which have adopted remote or “hybrid” working arrangements in consequence of the global pandemic. David Porter looks at the guidance.
ICSR has taken new office space in the Lloyd’s Building. With effect from 1st October 2021, our team will be based in Room 733 in the Lloyd’s Building.
At its annual exhibition and awards ceremony, the Managing General Agents Association has named ICSR its Service Provider of the Year.
On 18th October, a team from ICSR will be taking on the London Legal Support Trust 10k London Legal Walk. Find out how you can sponsor us.
Next week, in conjunction with the Managing General Agents Association, Kenneth Underhill will be hosting a webinar looking at the evolving regulatory environment and the FCA Business Plan 2021/22. Register now.
The Insurance sector may be forgiven for not considering itself a direct target for individuals or entities looking to evade their tax responsibilities. Nicky Hasler looks at the legal and regulatory framework for Insurance firms and explains the HMRC guidance.
Approved Persons And Senior Management Function Holders – A Combined Approach To Long Term Absence By The PRA And FCA
The PRA and FCA have collaborated on an approach to dealing with long-term temporary absence of Approved Persons and Senior Management Function holders. Kenneth Underhill looks at the new rules.
The FCA have issued new rules aimed at stopping ‘price walking’. Nicky Hasler looks at the pricing remedy, product governance requirements, the process of cancelling ‘auto renewals’ and new reporting requirements.