Compliance News - 1 July 2011
INDUSTRY NEWS FLASH WEEK ENDED 1 JULY 2011
FSA – CONSULTATION ON AUTHORISED PROFESSIONAL FIRMS AND LEGAL SERVICES REFORM
From October 2011, the Legal Services Act 2007 establi...
Compliance News - 24 June 2011
INDUSTRY NEWS FLASH WEEK ENDED 24 JUNE 2011
FSA – ANNUAL PUBLIC MEETING
The Financial Services Authority held its Annual Public Meeting at The Brewery in London last week, providing m...
Compliance News - 17 June 2011
INDUSTRY NEWS FLASH WEEK ENDED 17 JUNE 2011
FSA – PRUDENTIAL REGULATION AUTHORITY
The Bank of England (the Bank) and the Financial Services Authority (FSA) have published a jo...
Industry News Flash: Compliance News - 10 June 2011
INDUSTRY NEWSFLASH WEEK ENDED 10 JUNE 2011
FSA – WEALTH MANAGEMENT REVIEW AND SUITABILITY
The FSA has just published a “Dear CEO” letter signed by Margaret Cole wh...
Industry News Flash: Compliance News - 3 June 2011
INDUSTRY NEWS FLASH WEEK ENDED 3 JUNE 2011
FSA – RDR NEWSLETTER
The FSA has produced Newsletter No 2 relating to the RDR. In the editorial Peter Smith, Head of Investment...
Compliance News - 20 May 2011
INDUSTRY NEWS FLASH WEEK ENDED 20 MAY 2011
FSA – THE FUTURE OF BANKING SUPERVISION
The Bank of England and the Financial Services Authority have published a joint paper entitled “The Ba...
Industry News Flash: Compliance News - 13 May 2011
INDUSTRY NEWS FLASH WEEK ENDED 13 MAY 2011
FSA – RMAR AND COMPLAINTS
The FSA has published Consultative Paper 11/08 which contains changes to the Retail Mediation Activities R...
Compliance News - 6 May 2011
INDUSTRY NEWS FLASH WEEK ENDED 6 MAY 2011
FSA – WELCOMES DECISION ON PPI
The Financial Services Authority has welcomed the decision by the British Bankers' Association (BBA) a...
Compliance News - 29 April 2011
INDUSTRY NEWS FLASH WEEK ENDED 29 APRIL 2011
FSA – SOLVENCY II CONFERENCE
The FSA held their Solvency II conference on 18 April and key speeches were made by Hector Sants, Chi...
Compliance News - 15 April 2011
INDUSTRY NEWS FLASH WEEK ENDED 15 APRIL 2011
FSA – SPEECH ON SECURITIES MARKETS REGULATION
David Lawton, Head of Markets Infrastructure and Policy has made a speech entitled &...
Compliance News - 8 February 2011
INDUSTRY NEWS FLASH WEEK ENDED 8 APRIL 2011
FSA – TRANSITION TO NEW REGULATORY STRUCTURE
Hector Sants, CEO of the FSA, has written to fellow Chief Executive Officers on prog...
Compliance News - 1 April 2011
INDUSTRY NEWS FLASH WEEK ENDED 1 APRIL 2011
BRIBERY ACT SPECIAL – IMPLEMENTATION DATE 1 JULY 2011
The Ministry of Justice has at last published their Guidance on interpretatio...
Compliance News - 25 March 2011
INDUSTRY NEWS FLASH WEEK ENDING 25 MARCH 2011
FSA – BUSINESS PLAN FOR 2011/2012
The Financial Services Authority (FSA) has published its business plan setting out its priori...
Compliance News - 18 March 2011
INDUSTRY NEWS FLASH WEEK ENDED 18 MARCH 2011
FSA – PRUDENTIAL RISK OUTLOOK
The Financial Services Authority (FSA) has published the Prudential Risk Outlook (PRO), which sets o...
Compliance News - 11 March 2011
INDUSTRY NEWS FLASH WEEK ENDED 11 MARCH 2011
FSA and FSC – FEEDBACK ON THE ROLE OF AUDITORS
The Financial Services Authority (FSA) and Financial Reporting Council (FRC) have...
Compliance News – 4 March 2011
INDUSTRY NEWS FLASH WEEK ENDING 4 MARCH 2011
FSA – RETAIL CONDUCT RISK OUTLOOK
The Financial Services Authority (FSA) has published its first Retail Conduct Risk Outlook (RCRO...
Compliance News - 25 February 2011
INDUSTRY NEWS FLASH WEEK ENDED 25 FEBRUARY 2011
EUROPEAN COURT OF JUSTICE – GENDER BAN
The ABI have stated that the decision by the European Court of Justice (ECJ) to ban the ...
Compliance News - 18 February 2011
FSA – GUIDANCE CONSULTATION - PENSION OBLIGATION RISK AND ICAS/ICAAP
This guidance is likely to be of most relevance to Banks and building societies, Insurers and Investment firms. ...
Compliance News - 11 February 2011
FSA – TRANSITION TO NEW REGULATORY STRUCTURE
Hector Sants, CEO of the FSA, has written to CEOs of regulated firms to update them on progress towards the new regulatory structure announ...
Compliance News - 4 February 2011
FSA – ANNUAL FUNDING REQUIREMENTS FOR 2011/12
The Financial Services Authority (FSA) has announced its proposed Annual Funding Requirement (AFR) for 2011/12. The AFR for 2011/12 is &pou...
Compliance News - 28 January 2011
BRIBERY ACT 2010 – IMPLEMENTATION DELAYED FOR SECOND TIME
It was predicted by us and by those “in the know” and now it has happened – implementation of the Bribery Act...
Compliance News - 21 January 2011
FSA – GUIDANCE CONSULTATION
FSA has published Guidance Consultation on Financial Promotions on advertising ISAs and adverts for investment professionals. Published on 20 Jan...
Compliance News - 14 January 2011
FSA – FINES BANKING GROUP FOR POOR COMPLAINTS HANDLING
As foreshadowed in our Industry News Flash of two weeks ago, the Financial Services Authority has fined a major banking group &pou...
Compliance News - 7 January 2011
BBC – CAMERON SAYS BANKS 'SHOULD PAY SMALLER BONUSES'
Prime Minister David Cameron has called on banks to pay smaller bonuses this year. Speaking on the BBC's Andrew Marr show he said b...
Compliance News - 31 December 2010
A very Happy New Year to all our readers.
This year, The Consulting Consortium plans to bring you not only your usual reliable weekly digest of regulatory news but, in addition, further ...
Compliance News - 17 December 2010
FSA WARNS IFAs ON UCIS SOLD THROUGH SIPPS
The FSA has stepped up its attack on unregulated collective investment scheme sales and raised concerns about Ucis sold within a Sipp.
Speaking at an FSA i...
Compliance News - 10 December 2010
FSA – DERIVATIVE RISK MANAGEMENT PRACTICES
The FSA has published proposed guidance on the COLL rules which will be of interest to fund managers, depositors and third party survey provid...
Compliance News - 3 December 2010
FSA – DEFERS APPROVAL PERSONS REQUIREMENTS FOR MORTGAGES
In June 2010 as part of the Mortgage Market Review FSA announced that they would be extending the approved persons' regime to in...
Compliance News - 26 November 2010
FSA – STATEMENT REGARDING PAYMENT PROTECTION INSURANCE
The FSA has made a statement to clarify their Open Letter addressed to industry representatives headed “Common point of sale...
Compliance News - 19 November 2010
FSA – MORTGAGE MARKET REVIEW
The Financial Services Authority (FSA) has outlined proposals which focus on enhancing the mortgage sales process, the role of intermediaries and improving ...
Compliance News - 12 November 2010
FSA – CONSULTS ON REMUNERATION DISCLOSURE REQUIREMENTS
The Financial Services Authority (FSA) has published a consultation on the impleme...
Compliance News - 5 November 2010
FOS - FINANCIAL OMBUDSMAN AWARD BINDING IN LAW CHANGE
A High Court judgement handed down last week confirms that a claimant who accepts a final decision from the Financial Ombudsman Service is boun...
Compliance News - 29 October 2010
NEWS FLASH – FSA THEMATIC VISIT – UCIS
It is clear from recent developments in the financial service market place that unregulated collective investments (UCIS) have moved on to the FSA...
Compliance News - 22 October 2010
FSA – SPEECH ON THE REGULATION OF MUTUALS
Ken Hogg, Director, Insurance Sector, FSA has addressed the Association of Financial Mutuals. He stated:
“Last month, we published our...
Compliance News - 15 October 2010
FSA – GRANTED NEW CONSUMER REDRESS POWER
The Financial Services Authority (FSA) has been granted a new power to deliver prompt and effective redress for consumers. The new power was part of A...
Compliance News - 1 October 2010
FSA – CONSULTS ON IMPROVING AUDITORS’ REPORTS ON CLIENT ASSETS
The Financial Services Authority (FSA) has announced steps to improve the quality and consistency of auditors’ repor...
Compliance News - 24 September 2010
FSA – EFFECTIVE CORPORATE GOVERNANCE AND THE WALKER REVIEW
FSA has published PS 10/15 which reports on the main issues arising from Consultation Paper 10/3 Effective Corporate Governance (Signi...
Compliance News - 17 September 2010
FSA – LORD TURNER SPEAKS AT THE MANSION HOUSE ON BASEL III
At a speech at the Mansion House last night, the Chairman of the Financial Services Authorit...
Compliance News - 10 September 2010
MOJ – BRIBERY ACT CONSULTATION
The Ministry of Justice ("MoJ") has launched an 8 week consultation on the "adequate procedures" gui...
Compliance News - 3 September 2010
FSA – HANDBOOK DEVELOPMENT NEWSLETTER
The FSA has published their August 2010 Handbook Development Newsletter which covers the following topics:
...
Compliance News - 20 & 27 August 2010
TCC'S PPI CALCULATOR
Are you looking for a cost-effective and simple way to calculate PPI? We have just the tool.
At TCC we have p...
Compliance News - 13 August 2010
FSA – REFORMS THE PPI MARKET AND PROTECTS CONSUMERS
The Financial Services Authority (FSA) has published a po...
Compliance News - 6 August 2010
HMT – THE CHANGING FACE OF FINANCIAL REGULATION
On 26 July 2010, HM Treasury published a consultation paper s...
Compliance News - 30 July 2010
PAYMENT PROTECTION INSURANCE (PPI)
PPI – how much easier would life be with a fully compliant, easy to use to...
Compliance News - 23 July 2010
FSA – IMPLEMENTS NEW POWERS
The document includes new rules and guidance covering the following areas:
...
Compliance News - 16 July 2010
FSA – HUGE FINES
A truly dramatic statement from the FSA on those who fail to meet the Threshold Conditions: and other considerations. TC...
Compliance News - 9 July 2010
FSA – CHAIRMAN CALLS FOR DEBATE
The Financial Services Authority (FSA) chairman, Lord Turner, has said there needs ...
Compliance News - 2 July 2010
FSA – FEEDBACK TO TURNER REVIEW CONFERENCE DISCUSSION PAPER
Continuing their response to The Turner Review, FSA have summarised feedback ...
Compliance News - 18 June 2010
FSA – CHAIRMAN WELCOMES CHANGES TO REGULATION
The Chairman of the Financial Services Authority, Lord Turner, has welcomed the changes to ...
Compliance News - 11 June 2010
FSA – PUBLISHES ANNUAL REPORT FOR THE YEAR 2009/10
The Financial Services Authority (FSA) has published its Annual Report, outlining its ...
Compliance News - 4 June 2010
FSA – COMPETENCE AND ETHICS CONSULTATION PAPER
Consultation Paper 10/12 “Review of Competence and Ethics” sets out proposals ...
Compliance News - 28 May 2010
FSA – PPI NEW RULES
The Financial Services Authority (FSA) has announced a temporary rule to give customers who recently made a complaint...
Compliance News - 21 May 2010
FSA – KEY PRIORITIES IN REGULATION AND THE FSA’S STRATEGY
Ken Hogg, Director, Insurance Sector, FSA addressed the Future of Life As...
Complaince News - 14 May 2010
COMPETITION COMMISSION – PPI
The Competition Commission (CC) has provisionally decided that consumers will be...
Compliance News - 30 April 2010
FSA – IMPLEMENTING ASPECTS OF THE FINANCIAL SERVICES ACT 2010
The Financial Services Act 2010 received Royal ...
Compliance News - 23 April 2010
FSA – STATEMENT ON GOLDMAN SACHS
Following preliminary investigations the FSA has decided to commence a formal enforcement investigation ...
Compliance News - 16 April 2010
BRIBERY ACT – NOW LAW
The Act simplifies previous inadequate laws on bribery and corruption which the UK had ...
Compliance News - 9 April 2010
FSA – ROYAL ASSENT FOR FINANCIAL SERVICES ACT 2010
The Financial Services Act 2010 received Royal Assent on 8...
Compliance News - 1 April 2010
FSA – CONSULTS ON ENHANCED ASSET CLIENT PROTECTION
The Financial Services Authority (FSA) has published a con...
Compliance News - 26 March 2010
FSA – PUBLISHES RULES ON ADVISER CHARGING
The Financial Services Authority has published new rules that will remove commiss...
Compliance News - 19 March 2010
FSA ACTION FOR MIS-SOLD STRUCTURED PRODUCTS
Are you worried that your company will be subject to complaints?
Are you concerned about how much time your team will spend jumping through FSA hoops?...
Compliance News - 12 March 2010
PAYMENT PROTECTION INSURANCE
Are you involved in the sale of Payment Protection Insurance (PPI)? Has the FSA contacted you to undertake a thematic review of your PPI sales?
Since 2005 the FSA ha...
Compliance News - INF 26 February 2010
PAYMENT PROTECTION INSURANCE
Are you involved in the sale of Payment Protection Insurance (PPI)? Has the FSA contacted you to undertake a thematic review of your PPI sales?
Since 2005 the FSA ha...
Compliance News - INF 19 February 2010
Welcome to the Consulting Consortium's Industry News Flash providing this digest of compliance-related news items as a service to our valued clients and colleagues.
The following items are for ...
Compliance News - INF 5 February 2010
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Ask for a demonstration of Risk Frameworker and get 30 bespoke Risk Frameworker questions FREE when you buy (worth £1,000).
Please call us on 020 7...
Compliance News - INF 29 January 2010
The Consulting Consortium provides pragmatic solutions, advice and guidance for all your FSA compliance needs. Whether it’s risk assessment work, business monitoring, Skilled Person reporting, T...
Compliance News - INF 22 January 2010
The Consulting Consortium provides pragmatic solutions, advice and guidance for all your FSA compliance needs. Whether it’s risk assessment work, business monitoring, Skilled Person reporting, T...
Compliance News - INF 15 January 2010
The Consulting Consortium provides pragmatic solutions, advice and guidance for all your FSA compliance needs. Whether it’s risk assessment work, business monitoring, Skilled Person reporting,...
Complaince News - INF 8 January 2010
The Consulting Consortium would like to welcome you to the first INF of 2010 and wish you all a happy and prosperous New Year.
Congratulations to the many winners that will share in TCC...
Compliance News - INF 18 December 2009
The Consulting Consortium would like to wish you a Happy Christmas and a healthy and prosperous 2010.
The Consulting Consortium
The following items are for the week endin...
Compliance News – INF 11 December 2009
Congratulations to the many winners that will share in TCC’s 10th birthday celebrations.
Due to the overwhelming response, we would like to extend our celebrations for a further week! Cl...
Compliance News – INF 4 December 2009
Ten in ’10
2000 – 2010… celebrating 10 years of providing expert advice and guidance on FSA compliance
The award winning Consulting Consortium is celebrating its 1...
Compliance News – INF 27 November 2009
STOP PRESS...STOP PRESS...STOP PRESS
SIR DAVID WALKER PUBLISHES HIS REVIEW ON CORPORATE GOVERNANCE AND REMUNERATION
...
Compliance News – INF 20 November 2009
FSA – ASSESSMENT AND REDRESS OF PPI COMPLAINTS
On 29 September the FSA published CP09/23 - The assessment and...
