Webinar: Financial Aspects of FCA Compliance
Critical financial rules for GI brokers’ FCA compliance
This comprehensive and interactive webinar will focus on the critical financial aspects of FCA rules - overall business solvency (compliance with adequate resources Threshold Condition 2.4), professional indemnity requirements/limits/issues (incl covid cover) and the onerous client money handling rules under CASS 5.
The FCA has had deep concern with brokers’ financial resilience and has issued several surveys on this plus client money handling arrangements culminating with the Dear CEO letter of 30 September 2020.
- What are the FCA’s concerns – the financial resilience and client money surveys;
- Solvency and meeting adequate resources TC2.4;
- Professional Indemnity Insurance – issues and limits;
- CASS 5 – what is client money, how Risk Transfer can go wrong, what are monies held at third parties and what actually do you need to do to comply (incl audits).
Branko Bjelobaba FCII has worked for 32 years across the sector and latterly at PwC and GISC and has led his own consultancy practice for 16 years. He works closely with BIBA (and has published its compliance manual since 2004) and the CII and has provided many well-received (even entertaining!) training events throughout the UK. He is a recipient of the Thomson Reuters Compliance Personality of the Year Award and the London Market People Award for Legal and Compliance.
This presentation is relevant to general insurance brokers/intermediaries, their insurers and any other market participants.
This event has been accredited by the CII and can be included as part of your CII/Personal Finance Society CPD requirement should you consider it relevant to your professional development needs.
CPD: One hour
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This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.