Regulation Matters Brochure January 2019

4 | Regulation Matters - January 2019

Reminder of key regulatory matters Below is a useful reminder of key regulatory matters affecting financial adviser firms, including actions recommended in last month’s issue of Regulation Matters.


Recommended Action



Ensure you know who is responsible for product governance in your firm and that your advisers know the target market for the products you recommend/distribute. If you would like access to a guide outlining a firms obligations under the FCA’s product oversight and governance rules, along with recommended actions, please contact 0800 085 0825 for further information on the additional services available to directly authorised firms.


FOS Published Ombudsman News no 146

Review the case examples and consider your existing systems and controls.

Regulatory Matters on the Horizon

It is an ever-changing market with a constant stream of new and updated regulation for financial advisers to worry about. We have provided a brief overview of the FCA’s planned activity as we currently understand it, but please be aware that the FCA does sometimes change the timing. Rest assured, as part of our service we will keep you informed and provide guidance to help you remain compliant.


Publication Type

Expected Date

Intended Audience


Guidance on SM&CR for solo- regulated firms Regulatory fees and levies Regulatory fees and levies General insurance value measures reporting Investment Platforms Market Study remedies Impact of FCA regulation on small firms

Finalised guidance based on GC18/4

Winter 2018/19 – consultation closed 10/12/2018

All FCA solo-regulated firms.


Policy proposals for 2019/20 - PS to CP18/34 Rates proposals 2019/20 Consultation Paper

March 2019

Firms that pay the illegal money lending levy and single financial guidance body levy.


April 2019

All firms


Q1 2019

Insurers, intermediaries and other firms involved in the insurance

market, and trade bodies representing these firms.


Consultation and discussion on (to be published alongside the Market Study Final Report)

March 2019

Platform service providers, other firms that distribute retail investment products, fund managers.


The FCA is carrying out a survey of smaller firms on how FCA regulation specifically impacts them to inform FCA cost benefit analyses and judgements of proportionality. The independent consultancy, Kantar Public, has been engaged by the FCA to conduct in-depth interviews with a small representative sample of firms over the next month. These interviews will inform the design of an online questionnaire which will be sent to a larger sample of firms in April and May. As with the wider FCA and Practitioner Panel Survey, Kantar will fully anonymise all results.

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.

Made with FlippingBook - Online magazine maker