17th March 2011
Compliancy Services:March 2011 Newsletter Issue 2
Japan earthquake: Fund Manager Reaction
On March 11, a megathrust earthquake measuring 9.0 on the Richter scale took place at sea to the east of Japan, a hundred times more powerful, than that in Christchurch, New Zealand in the previous month.
Can New Regulator Improve on the Failings of the FSA?
HM Treasury, recently published its latest consultation document, to propose a new approach to financial regulation and how it is intended to build a stronger system
Repossessions at Three-Year Low
Figures released from the FSA show repossessions reached a three-year low in Q4 of 2010.
Reverse Stress Testing Surgeries
The FSA has published responses to questions raised in two rounds of presentations. The implementation of the guidance will be bound in SYSC 20 and is likely to be of most relevance to BIPRU firms, eligible insurers and investment firms.
Enhancing the Auditor's Contribution to Prudential Regulation Feedback on DP10/3
The FSA and FRC have published a feedback statement summarising the responses to the joint discussion paper on enhancing the auditor's contributions to prudential regulation.
Handbook Release 111
The FSA has released pages to be inserted into your paper version of the Handbook in order to bring it up to date.
Citizens Advice Submits Super-Complaint to OFT
The OFT has recieved a super-complaint from Citizens Advice relating to marketing and charging practices which Citizens Advice suggests may be used by businesses offering credit brokerage and debt services.
OFT Launches Consultation on Revised Debt Collection Guidance
The OFT has launched a 12 week consultation on it's updated Debt Collection Guidance
Does Your Website Generate "Cookies"
Many websites place "cookies" without either the knowledge or consent of the end user.
Advertising Standards Authority (ASA) Websites
From 1 March 2011 the ASA's online remit now extends to cover companies' own marketing claims on their own websites and in other non-paid for space they control
Staff Recruitment and Health Questions
With a few necessary exceptions, the Equality Act 2010 makes it inappropriate for an employer to ask a job applicant any health related questions before offering work to the job applicant.
Interest Rate Held - But are Homeowners Facing Bleak Times?
Housing charity Shelter has warned that the equivalent of 2.8 million homeownersmay be completely unprepared for the costs of rising interest rates based on their lack of awareness about where they currently are.
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