Under SM&CR, Senior Managers must ensure that, where they delegate their responsibilities, this is to an appropriate person and that they oversee this effectively. What does responsible and effective delegation look like in practice?
FCA is Encouraging Firms to Develop Purposeful Cultures
The FCA has published a discussion paper on driving purposeful cultures in financial services. It aims to encourage firms to embed healthy purposeful cultures which will lead to good outcomes for customers, employees and investors.
FCA Takes Action on Financial Promotions
The FCA has recently banned a number of online adverts issued by a motor finance firm. Here’s what firms need to consider when issuing any financial promotions.
FCA Makes New Appointments to its Board
The FCA has recently announced two new appointments to its Board.
FCA Provides Information for Firms About Brexit Implementation Period
The FCA has provided information for firms regarding the Brexit implementation period, following the UK’s exit from the EU on 31 January 2020.
SM&CR – Implementing Lasting Change
It’s been over a month since the arrival of SM&CR. How can firms ensure that SM&CR becomes ‘business as usual’ in 2020, and not something they need to be concerned about?
Firms Need to Update or Confirm Firm Details Annually
The FCA has reminded firms that, from 31 January 2020, they must check, amend or confirm the accuracy of their Firm Details annually via the Connect portal.
Christopher Woolard Appointed Interim Chief Executive of the FCA
The FCA has announced the appointment of Christopher Woolard as Interim Chief Executive, following the departure of Andrew Bailey.
FCA Consulting on Building Operational Resilience
Operational resilience is “the ability of firms and the financial sector as a whole to prevent, adapt, respond to, recover and learn from operational disruptions.” The FCA is consulting on how firms can build operational resilience.