FCA Consultation CP25/12: Simplifying the insurance rules
The FCA has announced that it will simplify its insurance rules, publishing Consultation Paper CP25/12. The Regulator plans to strip outdated or duplicated requirements from its insurance rulebook, having asked what improvements it could make.
New FCA Consumer Credit regulatory returns: Policy Statement PS25/3
The FCA has published its Policy Statement PS25/3 setting out its replacement consumer credit reporting requirements for firms with certain consumer credit Permissions – the new CCR009 return. The FCA’s aim was to create a return that better aligns with…
Delivering good outcomes for customers in vulnerable circumstances – good practice and areas for improvement
Last year, the FCA set out to evaluate firms’ treatment of customers in vulnerable circumstances, review how firms are supporting customers in vulnerable circumstances, and assess whether its existing guidance is still appropriate. The FCA has now published…
FCA consumer support outcome review report
The FCA has published a ‘good practice and areas for improvement’ report in relation to its review of firms’ approaches to the consumer support outcome of the Consumer Duty. The consumer support outcome is one of the four key outcomes of the Duty. It should…
Ongoing FCA focus on Principal firms and their ARs and IARs
This Hot TopICS sets out the nature of the information that the FCA is gathering, and the Controlled Function requirement it is enforcing, as an indicator of what Principal firms should be considering in their appointment and oversight of their ARs and IARs.
The FCA's approach to financial crime - what should insurance distribution firms do?
At the end of November 2024 the FCA published a Policy Statement introducing changes to its Financial Crime Guide (‘the Guide’), which came into force on 29th November 2024. It also published Handbook Notice 124, which set out the specific sections in the…