Context
The FCA has updated its Berne Financial Services Agreement web page to announce the publication of a joint FCA, PRA and BoE ‘Guidelines for firms’ document, and an update to the ‘firm questions’ section.
Key points to note and next actions
- There is no indication about the nature of the update to the firm questions.
- Chapter 3 of the Guidelines document contains information for UK insurance firms. It includes guidelines on a number of topics including activities excluded from the scope of BFSA, ‘covered clients’, eligibility criteria, and reporting.