Regulation round-up July 2016

Regulation round-up is our monthly email to all regulated firms, updating you on the latest news that affects your sector.

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Introduction: Clinton Askew, Chair of the Small Business Practitioner Panel

It’s my pleasure to introduce this month’s Regulation Roundup and to tell you about the FCA Smaller Business Practitioner Panel.

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Hot topic: RMA-B: Profit and Loss

We thought it would be helpful to flag the most common mis-reporting errors we pick up when monitoring section RMA-B Profit and Loss Account (P&L) in firms' Retail Mediation Activity Returns (RMAR), and our approach when firms submit a nil response.

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Hot topic: Review of Signposting to Pension Guidance

Our review looked at whether firms are appropriately signposting the availability of pensions' guidance (Pension Wise) for customers looking to access their pension savings through non-advised sales channels. We also wanted to get a better understanding of how firms are highlighting the risks of pension fraud and scams to customers.

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In your sector…

Banks and building societies

Cash savings: Sunlight remedy second report

TR: UK Equity Market Dark pools

Speech: Getting culture and conduct right

Payment Services Stakeholder Liaison Group

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Investment managers and stockbrokers

Guidance on fund suspensions

PS: DEPP and EG

CP: Package Retail and Insurance-based Investment Products

TR: UK Equity Market Dark pools

UK MiFID firms being added to ESMA's Register

Speech: Getting culture and conduct right

MAR comes into effect

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Financial advisers

Financial Advice Working Group established

Live & Local: Investment events, Scotland

ToR: Retirement outcomes review

Review of Signposting to Pension Guidance

Guidance on fund suspensions

CP: Packaged Retail and Insurance-based Investment Products

Five charge in alleged investment fraud

European Pensions Management Ltd enters administration

UK MiFID firms being added to ESMA's Register

Live & Local: Wales

Live & Local: East Midlands

Wind-down planning

Two individuals banned from working in financial services

ScamSmart: Campaign to help combat investment fraud

New complaints return

Debt consolidation mortgage advice

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Wealth managers and private bankers

CP: Package Retail and Insurance-based Investment Products

Guidance on fund suspensions

UK MiFID firms being added to ESMAs Register

MAR comes into effect

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Mortgage advisers

PS: FCA regulated fees and levies

Live & Local: Mortgage events, Scotland

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Insurers & insurance intermediaries

Live & Local: General insurance events, Scotland

QCP: Insurance Act Chapter

Enforcement fine for client and insurer money failings

ToR: Retirement outcomes review

Update on our work around pensions and retirement income

CP: Package Retail and Insurance-based Investment Products

Review of Signposting to Pension Guidance

European Pensions Management Ltd enters administration

Annuity Comparator research

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Consumer credit

Cancel payday lender’s interim permission and director

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Credit unions

Complaints handling return

Consultation on credit union rules

Speech: Getting culture and conduct right

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Read or download the full Regulation round-up: July 2016

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