UK Newsletter | October 2021

UK Newsletter

NEWSLETTER: The FCA’s “Dear CEO letter” to the wealth management sector is a shot across the bows. The message to CEOs that “….you are responsible for ensuring that your firm meets FCA requirements, including the obligations and expectations set out above….” needs no interpretation and is a clear reminder that the FCA’s focus remains firmly on the sector.

But the themes mentioned in the letter around financial crime controls, orderly wind down and adequate disclosure of costs and charges apply far beyond the wealth management sector. Just because you didn’t get the letter doesn’t mean you are not on the hook.

Separately, new rules around operational resilience, climate related disclosures and changes to the financial promotions rules are all on the horizon, as we explore in this month’s newsletter.

Ben Blackett-Ord
Founder & CEO

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