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29 Apr, 2008
Retail Distribution Review - interim update
The FSA have “listened” to the market place and moved away from the Chartered / GP / Primary Advice ...
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29 Apr, 2008
Prudential Regulation of Personal Investment Firms
The FSA has today published a feedback paper regarding Personal Investment Firms; Capital and PII requir...
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06 Feb, 2008
FSA Fees
The FSA has published a Consultation Paper about their fees for the forthcoming year.
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14 Jan, 2008
Goodwill
Back in 2005, the FSA granted a three year transition period to enable Directly Authorised Brokers to restructure their balance sheets in order to remove "Goodwill".
Firms are reminded ...
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16 Dec, 2007
New Money Laundering Regulations now in place
The Money Laundering Regulations 2007 came into force on 15th December 2007.
Businesses are now required to have in place risk-based systems and controls to help prevent money laundering...
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01 Nov, 2007
New Complaints Rules
The new complaints rules came into force on 1 November 2007.
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02 Oct, 2007
3rd Money Laundering Directive - Beneficial owners of occupational pension schemes
Concerns had been expressed that the Directive might be implemented in a way that would apply increased and onerous identification requirements to beneficial owners of rights under occupational ...
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07 Aug, 2007
RDR and Chartered Status
The Retail Distribution Review has suggested that only those of "Chartered" or Certified Financial Planner status may use the term Independant.
In order to m...
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27 Jun, 2007
Retail Distribution Review
The FSA has published the First Discussion paper on the Retail Distribution Review and is inviting comments from interested parties by t...
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13 Jun, 2007
Bank of England Financial Crime updates
The FSA Financial Crime requirements include an expectation that Firms monitor the Bank of England website and in particular issues regarding fighting financial crime.
The Bank of Englan...
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31 May, 2007
FSA to scrap Menu and IDD
The European Commission has forced the FSA to rethink their proposals for MIFID Firms having to use the menu and initial disclosure document after November 07. ...
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17 May, 2007
Mystery Shopping - Mortgages
One of the key tools used by the FSA to monitor Firms is the use of Mys...
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15 May, 2007
EU Third Money Laundering Directive - supervision of other businesses
From 15 December 2007 many businesses, from casinos to estate agents, will have their anti-money laundering controls monitored. HM government h...
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09 May, 2007
New deadline set for TCF
The FSA has published a further reoprt on the progress of implementing TCF.
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03 May, 2007
CP07/4 - Training & Competence Review
The FSA are seeking comments on proposed changes to the T&C regieme by 23 May 2007.
The implementation of the MIFID directive on 1 November 2007 has meant that the FSA need to move t...
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23 Apr, 2007
Compensation Act 2006
There have been a couple of instances recently where "Claims Handlers" have targetted clients that Contracted Out of the State Scheme in order to help them "make a claim" for compensation.
...
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10 Apr, 2007
FSA Thematic review - Mortgages
The Financial Services Authority has announced that the second stage of its review of the effectiveness of its mortgage regime will focus on areas where the risk of consumer...
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29 Mar, 2007
Financial Ombudsman Service and the Consumer Credit Act 2006
Businesses with a consumer credit licence already come under the FOS ‘compulsory’ jurisdiction where they are&nb...
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21 Mar, 2007
FSA moves towards a more Principles based approach to General Insurance regulation
The FSA has published an interim report about consumer experiences buying Insurance. The report identifies that the risk of detriment vary substantially across the various markets for...
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20 Mar, 2007
FSCS Funding Review
The FSA has published proposals to alter the funding arrangements for the Financial Services Compensation Scheme from April 2009.
The plans include:
dividing the market into five...
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29 Jan, 2007
Home Information Packs
The ODPM have published further guidance on the forthcoming introduction of Home Information Packs from 1 June 2007.
A copy of the latest guidance may be found at Read More
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25 Aug, 2006
Treating Customers Fairly - some thoughts
FSA Deadline for implementation – Mar...
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29 Jul, 2006
Audit Requirement lifted on Small Firms
This was flagged up as something that the FSA have been looking at for a while and is good news. The exe...
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