Businesses required to prove they are carrying out the regulated activities they are permitted to or face losing this permission Failure to take action following two warnings will lead to cancellation of regulatory permission 28 days after the first warning New powers support FCA’s ‘
In November the FSCS’ indicative levy had put the broker bill at £67.7m. See full article here....
The High Court today approved Amigo Loans Limited scheme of arrangement (the scheme) to provide redress to customers who are due it for being mis-sold loans and who raise a complaint. The court-approved scheme is an improvement on last year’s failed proposal and has the support of the Independent Creditors Committee,...
We are bringing this important free Bitesize session to our clients on the topic of Cyber Crime. Against a backdrop of war in Ukraine, and the growth in Sanctions and Money Laundering issues, does that mean we can switch our attention away from Cybercrime? The answer is, of course, no! In fact,...
The FCA has now published its business plan for 2022/23 and their strategy for the next 3 years. They have taken on 200 new staff recently, increased their staff numbers in Edinburgh and will be opening an office in Leeds. They have issued commitments, outcomes and metrics and are very clear on...
Following the FCA’s policy statement PS19/8 the FCA confirmed the annual increase in award limits in 2019. The next change to Financial Ombudsman service (FOS) award limits will be implemented on 1st April 2022. Please click the link here for the full article
on 24 March the FCA set out the points that you should consider regarding your firm's operational and cyber resilience following Russia’s invasion of Ukraine.. Click link for full article....
From 1 March claims management companies will have new restrictions to comply with to prevent excessive fees being charged to consumers owed compensation from financial services firms. Click link for full article....
On 22 February the UK announced a tranche of sanctions on Russia and further measures were announced on 24 February. Please see the full article to understand the FCA's expectation for firms to have established systems and controls to counter the risk that might be used to further financial crime...
In our crazy, scheduled worlds, we rarely take the time to slow down and reflect on how fortunate we are… well Random Act of Kindness (RAOK) Day provides just that opportunity! This year the Miindful Wellbeing Support Network will be embracing the annual Random Act of Kindness Day on Thursday 17th February and...
