FCA’s latest quarterly consultation proposes rules that:
- amend SUP 16 to address FCA’s concern that it does not always hold accurate “firm details” by requiring an annual accuracy check and removing the option some firms currently benefit from to update details other than using Connect; and
- add the Association of Accounting Technicians to the list of bodies whose members can provide statements of High Net Worth for CONC purposes
The paper also covers FCA’s practice of recognising industry codes, and seeks views on whether it should recognise the FX Global Code and the UK Money Markets Code.
FCA asks for comment on all the proposals by 6 February 2019.