Review of the year: July 2017
Aviva, regulation, fraud and a big ICO fine hit the headlines this summer.
5) In July 2017 the FCA proposed to extend the senior managers regime to almost all regulated firms, including insurance brokers. The aim of the new regime is to reduce harm to consumers and strengthen market integrity by making individuals more accountable for their conduct and competence.
FCA proposes to extend the senior management regime to more firms
The Financial Conduct Authority (FCA) published proposals to extend the senior managers and certification
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