by Craig Umbleja | Mar 11, 2022 | Compliance, FCA, Product Governance
The FCA have started to gather information on the way in which insurance for multi-occupancy buildings is negotiated, placed and managed. Seemingly triggered by the significant increases in risk premium that result from the cladding scandal that followed the Grenfell...
by Craig Umbleja | Dec 8, 2021 | Appointed Representatives, Compliance, FCA
The FCA and HM Treasury (HMT) have issued co-ordinated papers on the Appointed Representatives (AR) regime. In what amounts to a root and branch review of the business model and how it is overseen from a legislative and regulatory perspective, both have highlighted...
by Craig Umbleja | Oct 19, 2021 | Authorisations, Brexit, FCA, Temporary Permissions Regime
The FCA and PRA have started to provide firms who are in the Temporary Permission Regime (TPR) with “landing slots”. These are 3-month windows by which firms must submit their applications to the regulator(s) in order to become fully authorised. If firms do not submit...
by Craig Umbleja | Jun 8, 2021 | Consumer Duty, FCA
The Financial Conduct Authority (FCA) recently released a consultation paper on their proposal to introduce a new Customer Duty. In this article we set out what the new proposals are, how they relate to the current FCA requirements and the potential impact of the...
by Craig Umbleja | Apr 14, 2021 | Brexit, FCA, Prudential Regulation Authority
The Brexit transition period ended on 31 December 2020 and EEA firms that made the necessary notification are now operating in the UK’s Temporary Permissions Regime (TPR). With the rules of operating within the TPR being unfamiliar to many firms that previously relied...
