FSA has written to CEOs on how FSA plans to monitor compliance with its new liquidity requirements. It wants firms to confirm by 12 February 2010 that the new systems and controls requirements have been successfully embedded within the firm (and any action the firm still plans) and that the firm has appropriate plans in place to ensure accurate electronic reporting of liquidity data. FSA expects all firms to have definite plans, even when their "switch-on" date is some time away.