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A Freedom of Information Act request has uncovered delays insurance firms face when waiting for FCA case officers to start work on approvals. -
The leadership contender is said to be privately critical of the FCA, which has been beset by strikes and delays.
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The new rules will apply from 31 March 2023, with LMA wordings permitted.
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In a letter to the Treasury Committee, Bank of England Governor Andrew Bailey said the bank does support proposals to enhance regulatory accountability.
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The new rules are designed to ensure principal firms enhance oversight of systems and controls across appointed representatives.
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The watchdog will also base its digital delivery centre in the Yorkshire city.
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The ratings agency said the proposed restructure posed execution risk, but regulatory approval would alleviate short-term uncertainty.
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The Financial Conduct Authority and Financial Reporting Council have published two reports on findings from a review of listed firms’ climate disclosures.
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Joe Petrelli said Demotech would continue to follow its independent methodology, despite outside pressure.
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The regulator has released data that shows it is failing to meet certain voluntary and statutory operational targets.
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The Corporation will segment the market into 10 working groups to progress market reforms.
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The authorities have launched a discussion paper on how “critical” third-party suppliers can be regulated, including with skilled-person reviews.
