August 17 – Nailed down
BY AMI IN Article, FCA On 16th August 2017
After great deliberation, the FCA is now consulting on “Individual Accountability: Extending the Senior Managers and Certification Regime to all firms”. This new regime will replace the existing Approved Persons regime and moves us from the reality of consumer detriment [...]
10 months ago / Comments Off on August 17 – Nailed down
August 17 – Still paying for the bad apples
BY AMI IN Article, FCA On 16th August 2017
Contributions to the Financial Services Compensation Scheme continue to unfairly dwarf the other elements of firms’ regulatory bills. The invoices received last month reflect the predicted compensation costs for 2017/18. While these may be less than last year’s combined invoice [...]
10 months ago / Comments Off on August 17 – Still paying for the bad apples
June 16 – Significant AMI Win on FCA Fees
BY AMI IN FCA, Newsflash On 30th June 2016
AMI made a series of objections in responding to this year’s FCA fees consultation. As one of only two organisations to object to the additional consumer buy to let (CBTL) fees, AMI is pleased that the FCA has agreed to [...]
2 years ago / Comments Off on June 16 – Significant AMI Win on FCA Fees
Apr 16 Automatic P2P Permission
BY AMI IN FCA, Newsflash On 8th April 2016
We have been advised that a significant number of firms have received an email earlier this week from the FCA confirming that a permission to advise on peer-to-peer (P2P) agreements was automatically added on 6 April. This applies to firms [...]
2 years ago / Comments Off on Apr 16 Automatic P2P Permission
Buy to let: permissions
BY AMI IN FCA, Members Only, Newsflash On 18th January 2016
From 21 March 2016 broking buy-to-let mortgages will no longer be a regulated activity. Intermediaries will therefore no longer need to hold a consumer credit permission to advise on unregulated buy-to-let mortgages. There will however still be instances where a [...]
2 years ago / Comments Off on Buy to let: permissions
Your 2015/16 invoice for FCA fees
BY AMI IN FCA, Members Only, Newsflash On 7th July 2015
Members will be aware from our earlier messages and the considerable noise in the trade press that they are likely to see a significant rise in their FCA invoice in 2015. [...]
3 years ago / Comments Off on Your 2015/16 invoice for FCA fees
FCA fee rates 2015/16
BY AMI IN FCA, Newsflash On 27th April 2015
In response to the FCA’s consultation on its 2015/16 fee rates, AMI has issued a joint letter with the Association of Professional Financial Advisers urging for the FCA’s disproportionate fee increase to be reviewed. The letter has been sent to [...]
3 years ago / Comments Off on FCA fee rates 2015/16
FCA proposes new processes for complaints and buy-to-let
BY AMI IN FCA, Newsflash On 18th March 2015
Complaints handling: The FCA issued a consultation on overhauling the complaints process. The main changes it proposed are: [...]
3 years ago / Comments Off on FCA proposes new processes for complaints and buy-to-let
FCA confirms policy proposals for 2015/16 regulatory fees
BY AMI IN FCA, Newsflash On 26th February 2015
The FCA proposed its 2015/16 policy for regulatory fees and levies in the form of a consultation. [...]
3 years ago / Comments Off on FCA confirms policy proposals for 2015/16 regulatory fees
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