Insurance Brokers

The FCA has issued an update on the steps firms need to take in the event that the UK leaves the EU without a deal on the 31st of October.

Under SM&CR, the fit and proper test is extended to cover Certification Staff and non-approved Non-Executive Directors, as well as Senior Managers. What do fitness and propriety assessments involve, and are firms prepared?

The team at RWA has compiled its quarterly review of the FCA’s communication documents, covering the period from July to September 2019. Take a look and keep up to date with the latest FCA documentation.

There are now only two months to go until the implementation of SM&CR. RWA has interviewed over 140 firms over the past six months and has found that many remain unprepared for the implementation of the new regime on 9 December.

Almost a year since the Insurance Distribution Directive (IDD) came into force for insurance intermediaries, are firms meeting their training requirements?

With little time remaining until the implementation of SM&CR on the 9^th December, is your firm prepared?

The FCA has reminded firms that they need to register for its online platform, Connect, to update their firm details. This will be a requirement from January 2020.

The FCA has recently stepped up its efforts to ensure that firms are prepared for a potential no-deal Brexit. This comes with the warning that firms who are not appropriately prepared may face an impact on their business.

Three years since SM&CR was implemented in the banking sector, the FCA has conducted a review into how effectively the regime has been embedded. What can we learn from this?