FCA Letter to Insurance Firms

The Financial Conduct Authority (FCA) has issued a ‘Dear CEO’ letter to insurance firms on the 18th October 2021, reminding them of their obligations in relation to the enhanced product governance rules and the senior manager attestation requirement that came into force on the 1st October 2021.


FCA Sets Out Plans To Reduce Investment Consumer Harm

The Financial Conduct Authority has launched a major new initiative aimed at reducing the harm suffered by consumers who decide to invest. It says its strategy is “aimed at giving consumers the confidence to invest, supported by a high-quality, affordable advice market, which should lead to fewer people being scammed or persuaded to invest in products too risky for their needs.”


FCA Highlights Issue Of Wind-Down Planning By Loan Crowdfunders

It may seem counter-intuitive for a firm that is in a good trading position, and which intends to continue trading for the foreseeable future to make plans for a wind-down of their business. However, in the loan crowdfunding sector, that is exactly what the Financial Conduct Authority says all firms must do, as to fail to address this would lead to serious issues about the extent to which the firm’s customers are protected from harm.

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