The international attitude to money laundering is hardening, increasing reputational risk. As a result of government pressure the FSA is increasing its focus in this area. Reducing financial crime is one of the FSA's four statutory objectives, backed up by rules focussed on systems and controls and a dedicated team of FSA specialists. The new training and competence regime will cover back office administration activities. To link to the KLearning website pleae click here Stakeholder Pensions Managers are required to give an annual statement in compliance with DSS legislation.
Legislation requires that all schemes appoint a reporting accountant.
Insurance Group Solvency Directive A group solvency calculation will be required for the first time for insurance companies which are part of a group. The EU Commission is also looking both at implementing e-Commerce specific directives and how existing directives can be updated. All this is taking place against a background of differing IT, legal, regulatory and tax structures for e-Commerce projects. All rights reserved. Planning for Exit 4.