The FCA has published new content on the following webpages: 

  • The Monthly PPI refunds and compensation webpage – The FCA has updated this webpage to include the relevant figures for June 2016. The FCA has confirmed that a total of £262.2 million was paid in June 2016 to customers who complained about the way they were sold payment protection insurance (PPI). This takes the amount paid to £24.8bn since January 2011.
  • The Promoting competition webpage – The FCA has uploaded a video of a speech by Mary Starks, the FCA’s Director of Competition, in which she explains how competition can help markets work better for consumers.  She discusses how competition can drive better quality, value and choice, as well as encourage innovation.
  • The Senior Managers and Certification Regime webpage – The FCA has published information on the requirement on banks and building societies to submit Form H via the Gabriel System, even where they have a nil return.  It outlines the process for submitting the form electronically, whilst also providing a link to a paper copy.
  • The Regulatory sandbox page – The FCA has updated the webpage to include information on how to apply for the sandbox, including the process for submitting an application form, and the eligibility criteria against which an application will be assessed.