FCA reminds brokers of client money obligations after multiple breaches
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FCA reminds brokers of client money obligations after multiple breaches

Samuel Casey
06 July 2021
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The Financial Conduct Authority (FCA) has written to the leaders of regulated general insurance intermediaries to remind them of their obligations when holding client money after it discovered widespread failure to comply with obligations.

In a “Dear CEO” letter, the FCA said that it expected firms to review client money arrangements and to take “robust action” if required, to ensure that client money is adequately protected.

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News London market Regulation
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Samuel Casey
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