Below is all the latest news from Douglas Martin Associates. To view a news item in full, click on the 'Read More' tab.
|Ethics and Competence|
From July 2011, all firms with retail investment advisers will be required to notify the FSA of competence and ethics issues that arise with their investment advisers.
What do I need...
|Created on 01-08-2011.|
| Compliance Officer registration for PPI with OFT |
Earlier this year the Competition Commission introduced new PPI rules which extend beyond those of ICOBS. The PPI definition includes MPPI, ASU and short term Income Protection so if you...
|Created on 11-07-2011.|
|Subject Access Requests |
Organisations should take a positive approach to meeting their information rights obligations, the ICO said as it published new guidance explaining the benefits of being proactive. The guidance explains that...
|Created on 07-06-2011.|
Many mortgage advisers seem unaware of mortgages that are appropriate for people who follow Islamic Law. As a brief introduction the following explains some points about these.
|Created on 16-05-2011.|
|FSA - CPMA, No now its the FCA|
For those of you who have not picked up the subtle change, there has been a revision of the names of the new regulator. The element of the FSA that...
|Created on 11-03-2011.|
|Implementation of Bribery Act Delayed |
We reported in Issue 44, Oct 2010 of DMA Bulletin Board regarding the governments plan to introduce legislation, which would bring in rigorous anti-corruption regulations, was due to come into...
|Created on 21-02-2011.|
|FSA Policy Statement - SPS |
This policy statement confirmed that retail investment advisers will need to hold a Statement of Professional Standing (SPS) if they want to give independent or restricted advice after January 2013.
|Created on 09-02-2011.|
|MMR Roadshow |
If you have not had chance to attaned the FSA Mortgage Market Review roadshow then a useful summary of the points presented is as follows:
Removing any specific regulatory...
|Created on 17-01-2011.|
|Changes To Existing T&C Schemes|
The FSA published final rules to strengthen training and competence requirements for all individuals carrying out customer facing regulated retail activities. The rules also clarify FSA expectations regarding standards of...
|Created on 10-01-2011.|
|Unauthorised Schemes |
The FSA has obtained a High Court ruling appointing provisional liquidators over three firms that the FSA considers were engaged in insurance activities without FSA authorisation. The firms offered BSkyB’s...
|Created on 20-12-2010.|
|Improvements to the FSA website|
For those of you who do venture onto the FSA website they have made some improvements to the smaller firms web pages following feedback from firms. The main changes are:...
|Created on 07-12-2010.|
|Ministry Of Justice - Bribery Act |
The Ministry of Justice (MoJ) has launched an 8 week consultation on the ‘adequate procedures’ guidance under the Bribery Act 2010 (the "Act"), which is due to be published by...
|Created on 15-11-2010.|
|Mortgage Affordability |
As you all know affordability is a crucial issue to consider before recommending a mortgage. The FSA is continuing to find that firms do not assess affordability well enough and...
|Created on 25-10-2010.|
|Online Notifications & Applications|
In Bulletin Board 41 (July) you were informed of the FSA's change to Online Notifications and Applications (ONA). The system allows you to submit the following applications and notifications: approved...
|Created on 15-10-2010.|
|Unfair Contract Terms |
The FSA previously published an undertaking relating to a term in a firm's contract requiring consumers to declare that they had read and understood the terms of the contract. They...
|Created on 26-08-2010.|
|Financial Sanctions Search|
As you will all know I sometimes introduce you to products or services that I feel may benefit your business. You are all aware, as reported in Bulletin Board 28...
|Created on 16-08-2010.|
|MPPI Sales Deadline |
Firms involved in the sale of mortgage payment protection insurance (MPPI) are reminded of the June 30 deadline for taking action under the agreement that was negotiated with the MPPI...
|Created on 07-06-2010.|
|MMR FSA Feedback |
Mortgage Market Review feedback statement summarising the responses received following its Mortgage Market Review discussion paper, which was published on 19 October 2009.
The FSA received a wide range of constructive...
|Created on 14-05-2010.|
|RMAR Gains Intelligence|
At a recent event held by the FSA for Compliance Consultants they revealed that the RMAR now has a believability factor built into it. If a submission by a...
|Created on 19-04-2010.|
|RMAR SECTION E – PII |
Continuing the FSA theme of improving information on RMAR completion the most recent guide relates to Section E – Professional Indemnity Insurance. Although this is not a complicated section to...
|Created on 15-03-2010.|
The FSA are keen to emphasis that despite rumours and press reports that RDR I still alive and kicking and will continue to be implemented. To assist with this they...
|Created on 08-03-2010.|
|FSA Factsheet on Flooding |
FSA have observed that changing weather patterns may lead to higher and more frequent claims in buildings and contents insurance.
The FSA have issued factsheet that outlines some areas for...
|Created on 04-03-2010.|
|New PDF's for download in members area|
There are a number of useful documents, available in PDF format, for you to download in the members area of this site. Please click on 'Members' and register online to...
|Created on 28-10-2008.|
|Request A Free Information Guide|
If you would like to request one of our FREE information guides, please complete the form on our website and we will put one in the post to you.
|Created on 28-10-2008.|
|New Website for Douglas Martin|
Douglas Martin Associates are proud to launch their new website, designed and developed by Trencham Web Solutions. ...
|Created on 28-10-2008.|