BCOBS 2A Optional supplemental products and solutions BCOBS 2A.one Restriction on advertising and marketing or supplying an optional product or service for which a payment is payable
Extra guidance on what is meant by article-incident restoration efforts currently being carried out inside a "well timed fashion", for instance, would support firms to far better fully grasp their obligations following a cyberattack.
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The FCA clarifies which the perform principles under COCON are distinctive from employment regulation and inside disciplinary processes.
Declassification triggers: At the time anyone ceases to satisfy the definition of a PEP (e.g. on leaving Office environment), companies need to instantly take out the PEP position. This also applies instantly to members of the family and close associates—addressing preceding inconsistencies in timing.
The FCA confirms that the anti-greenwashing rule captures any references to your sustainability features of a firm’s economical services and products. The rule applies every time a company:
COCON independently sets out requirements of conduct for staff and presents guidance to corporations whose personnel are matter to these procedures. The FCA also has statutory visit powers to implement breaches of COCON.
Be sure all communications and information regarding services are easy to understand for individuals of their concentrate on market and customer base.
Revise AML hazard assessments to incorporate the new domestic PEP presumption and also to reflect instances That may override this.
They are detailed under. Additional element on each of such steps, in addition to examples of how firms can put them into apply and situation reports demonstrating superior and bad practice, can be found during the Guidance.
Customer communications about PEP identification and extra enquiries needs to be apparent, good rather than misleading, keeping away from language that implies wrongdoing simply by advantage of staying a PEP.
Transformations Decarbonisation We will let you interact with new decarbonisation regulatory frameworks, carbon reporting, deal with the authorized implications of modifications in company techniques and business types.
SUP 11 Annex 6G Aggregation of holdings for the goal of prudential assessment of controllers [deleted]
MCOB 4 Annex three Further info requirements in regard of distance property finance loan mediation contracts, distance dwelling acquire mediation contracts and length regulated sale and hire back again mediation contracts with customers