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FSA Regulatory Updates

The FSA are continually updating and changing rules. We will keep you updated with any new rules that are relevant to your business, when they will be coming into effect along with any other responsibilities you may need to implement.

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RU23 - The FSA have produced guidance on recommending Single Premium Policies including where the problems lie and how this can be overcome.
Date: 22.12.2006

RU22 - The Financial Services Authority has altered the IDD of which you need to make the necessary changes prior to the 6th April 2007.
Date: 20.12.2006

RU21 - The FSA appear to have got tougher on firms selling PPI and have disclosed they will continue to pursue formal disciplinary action against firms who fall well below the required standards
Date: 13.12.2006

RU20 - The Identity & Passport Service (formerly the UK Passport Service) has recently launched a new Passport Validation Service to help combat fraud and identity theft.
Date: 06.12.2006

RU19 - The Financial Services Authority have reported that they will be looking at Self-Certification Mortgages over the coming months by conducting supervision visits, mystery shopping and a questionnaire
Date: 29.11.2006

RU18 - The Financial Services Authority has reported that Home Reversion Schemes and Home Purchase Plans will fall under their scope from 6 April 2006
Date: 24.11.2006

RU17 - In this newsletter we highlight one of the main changes to the Anti-Money Laundering Regime, Customer Identification.
Date: 17.11.2006

RU16 - The Facts about Commission Disclosure for Non Investment Insurance Business
Date: 26.10.2006

RU15 - The Financial Services Authority recently expressed concern about how general insurance products were being advertised.
Date: 20.10.2006

RU14 - The Financial Services Authority spoke last week about the challenges faced both by them and regulated firms as we get closer to a more principle based regime.
Date: 13.10.2006

RU13 - The Financial Services Authority has launched a free online build your own disclosure document (IDD) service to help brokers comply with its disclosure rules.
Date: 06.10.2006

RU12 - The FSA has set out three indicators which they look for in firms complaints handling procedures
Date: 29.09.2006

RU11 - The latest news is that energy performance certificates in HIP's should be linked to incentives such as green mortgages
Date: 25.09.2006

RU10 - The FSA has today announced its authorisation process for firms to regulate Home Reversions and Islamic Home Finance arrangements following the Governments announcement last week that, subject to Parliamentary approval, the FSA can open its doors to applications from 6 Nov 2006, in anticipation of the new regimes becoming regulated on 6 April 2007.
Date: 22.09.2006

RU09 - Will Payment Protection Insurance be the first major mis-selling scandal since the introduction of general insurance regulation
Date: 25.08.2006

RU08 - 79% of general insurance promotions and 47% of mortgage promotions do not comply with the FSA rules.
Date: 14.08.2006

RU07 - Interest Only Mortgages has been described as a time bomb waiting to explode leaving many Lenders and Brokers fearful that Claim Chasers are set to move into this sector.
Date: 27.07.2006

RU06 - Earlier this month the Financial Services Authority announced they will consult on changing the Age 70 Rule on Protection Policies following pressure from Industry Bodies.
Date: 20.07.2006

RU05 - The Financial Services Authority is to start a large-scale investigation into the quality of Mortgage Advice....
Date: 03.07.2006

RU04 - The FSA unveiled proposals to end dual regulation on Mortagage Promotions....
Date: 28.06.2006

RU03 - General Insurance is under review to establish whether there are sufficient safeguards for pure protection and if products such as House and Motor Insurance should be de-regulated....
Date: 23.06.2006

RU02 - The FSA announced they can and do take Enforcement Action if their Principles are breached....
Date: 19.06.2006

RU01 - Concerns over a Principle Based World and moving away from a prescriptive rulebook.....
Date: 15.06.2006

FSA Regulatory Updates

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