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Results: 1-10 of 10

'Many eyes' approach to sanctions compliance
  • RPC
  • United Kingdom
  • January 13 2015

The many eyes approach to sanctions compliance in the Lloyd's market is not just for managing agents but useful guidance for all. With the new year


FCA takes a hard and long look at how insurance brokers manage the risks of bribery and corruption
  • RPC
  • United Kingdom
  • January 13 2015

Could do better, reports the Financial Crime team of the FCA on the cohort of commercial brokers who were subject to the recent thematic review on


Insurance intermediary client money rules
  • RPC
  • United Kingdom
  • October 22 2012

In late August the FSA released a consultation paper (CP 1220) proposing amendments to its handbook rules on client money handling by insurance intermediaries (CASS 5


FRC plans to focus on disciplinary action
  • RPC
  • United Kingdom
  • March 8 2012

The FRC has published its Draft Plan & Budget for 201213


Lloyd's confirms that there is no movement in the Solvency II timetable
  • RPC
  • United Kingdom
  • October 18 2011

For the avoidance of any doubt Lloyd’s confirmed (yesterday) that the current timetable for both managing agents and Lloyd’s still applies


Lloyd’s Managing Agents faced with four separate anti-bribery reporting obligations
  • RPC
  • United Kingdom
  • June 20 2011

The recent Lloyd’s Market Bulletin on the Bribery Act is an excellent guide for Managing Agents, but it suggests that in the event of an incident of bribery (or even suspected bribery) the Managing Agents may need to make as many as four separate reports about their suspicions:


The FSA’s last risks warning
  • RPC
  • United Kingdom
  • March 4 2011

The new FCA's focus will be 'conduct risk', "that is, the risk that firm behaviour will result in poor outcomes for customers


Extended warranty cover plans in breach of s.19 FSMA
  • RPC
  • United Kingdom
  • February 9 2011

The FSA’s recent action in Re Digital Satellite Warranty Cover Ltd to wind up companies with ‘public interest’ petitions for carrying on insurance business without FSA authorisation, in breach of the general prohibition in s.19 FSMA, demonstrates its willingness to take robust action to tackle those who attack the perimeter by engaging in regulated activities without authorisation