FSCA releases list of licensed crypto asset service providers
Not meeting the operational ability and competency requirements are the main reasons the Authority rejected licence applications.
Clients whose financial habits have been moulded by sound advice over many years are unlikely to act irresponsibly now, says Fairbairn’s Guy Holwill.
Read moreNot meeting the operational ability and competency requirements are the main reasons the Authority rejected licence applications.
The Financial Services Tribunal overturns the debarment because of insufficient evidence of misconduct and lack of financial soundness.
The Authority should have conducted its own investigation and not relied solely on information provided by the insurer, the Tribunal says.
The rep said she corrected the errors herself to avoid inconveniencing the customer and embarrassing the company, not to commit fraud.
The Financial Services Tribunal says the dispute is ‘one of the many cases where employers use labour disputes to debar FSP representatives’.
MBSE alerts individuals who completed unit standards or credit-bearing programmes related to FETC: Short-term Insurance or FETC: Wealth Management to ensure ongoing Fit and Proper compliance.
Have you completed unit standards or credit-bearing programmes towards the FETC: Short-term Insurance or the FETC: Wealth Management?
The first in a series of articles that explains the competence requirements for people who want to enter the financial services industry.