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Third opportunity to comment on revised RMCP guidelines
Draft Guidance Note 7A provides further guidance to accountable institutions about their Risk Management and Compliance Programme obligations.
‘Lack of maintenance or wear and tear’ gave rise to most of the disputes in several categories of insurance.
Read moreDraft Guidance Note 7A provides further guidance to accountable institutions about their Risk Management and Compliance Programme obligations.
The FSCA’s inspection identified defects with the implementation of the RMCP and a failure to conduct a thorough client due diligence.
The reasons for the sanction are virtually identical to those that saw the Authority fine an FSP earlier in February.
Implementing – not merely creating – a Risk Management and Compliance Programme is crucial to ensure compliance with the Act.