View more on these topics

Cap-ad scrutiny to continue

The FSA is to carry out supervisory reviews of all platforms to ensure they meet its capital adequacy requirements.

The regulator has been conducting assessments of platforms’ capital adequacy over the last two years to ensure they have the capital to wind down their regulated activities in an orderly manner.

In its platform consultation paper, published last week, the FSA made it clear that it will continue to scrutinise platforms’ capital adequacy.

The FSA says: “We intend to carry out supervisory reviews of all platform operator capital adequacy assessments to ensure they consistently apply our guidelines.

“This will assist in assuring us, and platform users, that these firms have adequate resources under the capital requirements directive, given their role in assisting firms to implement the RDR adviser charging requirements.”

The FSA plans to carry out these reviews over the next few months. It hopes to complete the assessments ahead of publishing a policy statement “as soon as possible” in 2011.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm