The new regulatory world, post-Conduct of Business Sourcebook

The regulated financial world is changing again.  It’s becoming less prescriptive, less tick-box oriented on the one hand, which is great.  On the other, the penalties for non-compliance appear to be increasing, and the frequency of FSA enforcement action is also rising.

Seems like a market where we need to be principles-based!

This website is a joint venture by 2020 Financial Services, the FSA regulated Network, and ValidPath, the provider of practice-development resources to the professional sector.

Our aim is to ‘reissue’ materials originally designed for Members of 2020 Financial Services, in support of the new ‘principles-based’ adviser sector.

Issue #2 - January 2008

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In this newsletter we dealt with (a) client categorisation, (b) assessing suitability, (c) TCF outcomes & planning, (d) delivering excellent client outcomes.

Issue #3 - May 2008

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In this newsletter we covered (a) the FSA’s RDR Interim Report, (b) updates on TCF embedding, (c) some specific examples of delivering client outcomes.

Issue #4 - July 2008

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In this newsletter, we returned to the theme of initial disclosures, and then reflected on some lessons learned from  conducting compliance reviews across the UK.  There’s a page on the new 2020FS resources plus some seasonal updates.

Issue #5 - October 2008

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This newsletter summarises all the latest updates to our compliance materials for Appointed Representatives of 2020 Financial Services