Bringing simplicity to complex changes
Our regulatory updates have been designed to bring you the latest FCA, ICO and other regulatory developments in a unique format.
Beyond the practical assessment of the changes, you can use the updates to document your assessment of the change, circulate it as an internal memo, evidence CPD requirements, request internal feedback from stakeholders and much more.
You can achieve all of this with our easy to read documents, sent to you for free as part of our newsletter.
Check out some samples below.
Dear CEO letter - LLMI portfolio
The FCA has issued the letter to outline its expectations of the relevant firms and its supervision strategy. We recommend that all FCA regulated firms in the insurance sector read, consider and action the content of it
Financial Resource (FG20/1)
This update looks at what the FCA expect of all firms with respect to their risk management framework; focusing on financial resource adequacy. Content of this update impacts all regulated firms (FG20/1).
Vulnerable customers (FS20/5)
The FCA has published a range of guidance firms must consider in order to support customers in financial difficulties, caused by COVID-19. We recommend firms document their consideration in details.
Insurance Pricing Practice
The FCA found that ‘price walking’ practices , or other pricing strategy to discourage ‘shopping around’ is wide-spread. To address these concerns, the FCA launched this consultation aiming at the Home and Motor sector.
In this update we are looking at what the extension to the implementation of the Certification Regime really means for firms. Important to note, it is not a full extension of the remaining SM&CR implementation.
Product Value (FS20/7)
Due to COVID-19, the FCA requires firms to review product value. In this update we review what it means to insurance brokers (manufacturers & distributors). All firms must conduct this by December 2020 (FS20/7).
ICO Update: COVID-19
In this update, we remind firms about the importance of data protection, particularly during the lock-down. The enhanced cybercrime risk leaves firms vulnerable, more so than ever!
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