Regulatory Updates

FCA Discussion Paper DP24/1: Regulation of commercial and bespoke insurance business

5 Aug 2024 - In The News

The FCA has published a Discussion Paper DP24/1 about the regulation of commercial and bespoke insurance business. The FCA wants to ensure that customers in the commercial insurance market are protected appropriately, while also not placing unnecessary…

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FCA to review its Rules post-Consumer Duty – a Call for Input

2 Aug 2024 - Regulatory Updates

The FCA is asking for views on whether, where and how it can refine and simplify its retail conduct rules and guidance, whilst still ensuring that it continues to support and protect consumers. The FCA particularly wants to address potential areas of…

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FCA publishes a suite of proposals to reduce regulatory burdens

2 Aug 2024 - In The News

The FCA has issued four sets pf publications to try to reduce the regulatory burden on firms whilst at the same time supporting growth and competitiveness and avoiding consumer harm. The FCA, through this review, is seeking to establish whether the rules…

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FOS speech at the FCA’s ‘Consumer Duty: One year on’ webinar

2 Aug 2024 - In The News

At the FCA’s “Consumer Duty: One year on” webinar, Abby Thomas, the FOS Chief Executive and Chief Ombudsman, delivered a speech reflecting on the first year of Consumer Duty. The speech covered the role of FOS, the impact the Consumer Duty has had on…

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FCA speech at its ‘Consumer Duty: One year on’ webinar

2 Aug 2024 - In The News

At its “Consumer Duty: One year on” webinar, Sheldon Mills, FCA Executive Director of consumers and competition, delivered a speech reflecting on the first year of Consumer Duty. In considering the impact of the Duty to date, the FCA welcomes the improvements…

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What is the reality of getting an Appointed Representative application across the line with the FCA?

30 Jul 2024 - Regulatory Updates

Many clients request assistance from ICS in getting an application for a new Appointed Representative (AR) over the line. The AR model can be hugely beneficial if it is operated correctly, for applicants who are starting out and not quite ready to be fully…

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