Standard condition on business continuity and technology systems now extended to other licensed entities
This new licence condition will focus on business continuity and technology systems.
Day: 23 April 2024
Do you have the right qualification for the advice being provided?
FAPs are rapidly evolving to provide a broader service offering to clients. This is a logical move as research shows clients want to simplify their finances and deal with fewer firms.
Preparing for ‘prohibited incentives’ coming into effect early 2025
CoFI (Conduct of Financial Institutions legislation) primarily impacts upon banks, NBDTs and insurance companies. However, any FAP which is deemed to be a financial intermediary for a financial institution (banks, NBDT, and insurers) will be caught by CoFI incentive rules.