Regulation Matters March 2020

2 | Regulation Matters - March 2020

IN THIS ISSUE

Who is it relevant to? Summary

Action recommended / for your information?

Subject

MEETING YOUR FIRM’S CAPITAL RESOURCES REQUIREMENTS – SUBORDINATED LOANS

All firms

Short term reductions in turnover entered onto a firm’s RMAR could cause its capital resources to dip below the required level. Subordinated loans might be solution in some cases. FCA commentary on some known issues and information which may inform our approach to market and regulatory changes. FCA believes there is a need to intervene to encourage customers to consider switching. A collection of essays from industry leaders and other experts on how to drive sustainable and healthy cultures in financial services firms.

For your information

FCA ANNUAL “SECTOR VIEWS”

All firms

For your information

FCA RESEARCH ON MORTGAGE SWITCHING

Mortgage Advisers

For your information

FCA DISCUSSION PAPER DP20/1 – TRANSFORMING CULTURE IN FINANCIAL SERVICES

All firms

For your information

FCA QUARTERLY CONSULTATION 27

All firms

Covering some proposed handbook amendments.

For your information

FCA INSIGHTS FROM CYBER COORDINATION GROUPS FCA PROPOSED BAN ON CONTINGENT CHARGING FOR DB PENSION TRANSFER ADVICE (AND RELATED MEASURES)

All firms

Not guidance or rules; insight from working groups and common identified themes.

For your information

All firms active in the DB Pension Transfer Advice Market

Publication of the Policy Statement and final rules delayed to later in the year.

For your information

REMINDER OF KEY REGULATION MATTERS

All firms

Actions recommended in last month’s issue of Regulation Matters ( February 2020 ).

For your information

REGULATORY MATTERS ON THE HORIZON

All firms

Overview of FCA planned activity.

For your information

DO YOU NEED FURTHER HELP OR SUPPORT? If you have concerns about being compliant, get in touch with TenetSelect, the directly authorised regulatory experts, by calling 0800 085 0825. We have a wide range of services to help your firm, and we would love to have a chat to tell you more. Regulation Matters is produced by TenetSelect as guidance only and is based on their interpretation, it is not and should not be relied upon as professional or legal advice. TenetSelect does not accept any liability for any losses arising directly or indirectly in connection with any of the information contained within Regulations Matters to the extent it can be excluded by law.

www.tenetgroup.co.uk

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