FSCS Review

Of Relevance to; All firms, particularly those with clients that qualify as ‘eligible claimants’ The FCA has published consultation paper CP16/42 “Reviewing the funding of the Financial Services Compensation Scheme (“FSCS”)”. It may be recalled that the joint HM Treasury and FCA Financial Advice Market Review (“FAMR”) suggested some reforms [...]

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FSCS Levy 2016/17

Of Relevance to: All firms FSCS Levy 2016/17 Separate to Consultation Paper CP16/9 “FCA Regulated fees and levies: Rate proposals 2016/17” (see previous article) the Financial Services Compensation Scheme (“FSCS”) has announced its 2016/17 levy. Although of most interest to those firms that conduct business with eligible claimants (see COMP [...]

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FSCS (and FOS) Exemption

Referring to the article on the FSCS levy a reminder to firms to ensure that, where applicable, they have submitted exemption forms in respect of FSCS and FOS levies. A firm can exempt itself from a FOS levy if it does not conduct business with eligible complainants and can benefit [...]

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