Compliance Insights Articles

Closed product reviews – What now?

The return of the sunny weather harks back to this time last year, when we were in the run-up to the implementation of the Financial...

Robert Bell

May 23, 2024

Writing your Consumer Duty Board Report

The Consumer Duty, introduced by the Financial Conduct Authority (FCA), aims to set higher and clearer standards of consumer protection...

Robert Bell

May 16, 2024

Consumer Credit – Product Sales Data Reporting

In late April, the FCA published the final rules and guidance for the introduction of three new Product Sales Data returns into SUP 16....

Robert Bell

May 9, 2024

Navigating the Waves: Regulatory Trends

In the dynamic world of financial services, regulation acts as the anchor, steadying the ship amidst potentially turbulent waters....

Robert Bell

May 2, 2024

Consumer Duty: An Update

The Financial Conduct Authority (FCA) is really stepping up with the Consumer Duty – even more so than with other new regime...

Robert Bell

Apr 25, 2024

Regulatory Round Up: April 2024

The Financial Lives recontact survey, conducted in January 2024, found that the number of people struggling to pay bills and credit...

Robert Bell

Apr 18, 2024

FCA publishes The 2024/25 Business Plan

The conduct regulator for the UK’s financial services industry has published its 2024/25 business plan. Chief Executive Nikhil Rathi said...

Robert Bell

Mar 21, 2024

Regulatory Update: March 2024

The FCA has published a webpage setting out a review of their findings around what firms are doing well and what they could be doing...

Robert Bell

Mar 14, 2024

SMF Applications: Changes to the process?

Those who have recently made an application to the FCA in relation to a Senior Management Function, whether the application is for a new...

Robert Bell

Mar 7, 2024

Online Training: Advantages for FCA-regulated firms

In our industry, complying with the regulations isn’t just a legal requirement, it’s an important foundation in consumer trust. The...

Robert Bell

Feb 29, 2024

Closed Product Reviews

Those who have paid even a passing interest in the implementation of the consumer duty will recognise that the timeline is not yet fully...

Robert Bell

Feb 22, 2024

Regulatory Update: Feb 2024

A route that could have upended the ban on debt packager referral fees has been refused; on 12 January the Administrative Court refused...

Robert Bell

Feb 15, 2024

Tailored Support Guidance and CONC

With H1 2024 well under way, firms should be preparing for the FCA’s proposal to take elements of the tailored support guidance (released...

Robert Bell

Jan 25, 2024

Motor Finance Complaints

The Financial Conduct Authority has announced a review of “historical motor finance commission arrangements and sales across several...

Robert Bell

Jan 18, 2024

Fair Treatment in 2024

As 2024 gets underway, one of the Financial Conduct Authority’s foundational principles – treating customers fairly – isn’t just...

Robert Bell

Jan 11, 2024

The FCA in 2024

I can’t quite believe it but 2024 is already upon us. Last year was a year of significant regulatory change, with the headline being the...

Robert Bell

Jan 8, 2024

2024 Regulatory Outlook

Regulator focus on fair treatment of customers continues apace into 2024, as the seventh edition of the UK Financial Services Regulatory...

Robert Bell

Jan 2, 2024

Helping with the Cost-of-living in the Run-up to Christmas

As the UK gears up for the Christmas period, marked by a significant rise in the cost of living, financial services firms face a unique...

Robert Bell

Dec 14, 2023

Operational Resilience and Accountability

Boards and senior management are ultimately responsible for their firm’s operational resilience. Therefore, the Board must have adequate...

Robert Bell

Dec 7, 2023

Consumer Credit – new reporting requirements

In September, the FCA published a proposal to introduce three Product Sales Data (PSD) returns. The new requirements, to be part of...

Robert Bell

Nov 30, 2023

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