Skilled Persons s166 Review
- Posted on: 2 May 2018
Appointed by the FCA to conduct a skilled persons review following an audit of their general insurance activities and suspension of permission to perform regulated activity. The review involved addressing shortcomings in their documentation and advising activities and the report made a series of concrete suggestions and revised documentation for immediate improvement. The client engaged Compliancy Services on a retainer basis, to undertake monthly file audits and provide monitoring assistance, when the FCA lifted the suspension of permissions, as a result of the report.