Professional Indemnity Insurance (PII) for FCA firms – What you need to know
What is Professional Liability Insurance (PII)? Professional liability insurance, also known as errors and omissions (E&O) insurance, is a type of coverage that protects professionals and organisations from liability claims arising from their professional services or advice. It provides financial protection for legal defence costs, settlements, or judgments if a client alleges that the professional’s […]
Introduction to SMCR for FCA-regulated firms
What is the Senior Managers and Certification Regime? (SMCR) The Senior Managers and Certification Regime is intended to strengthen market integrity and reduce harm to consumers by holding people to account. As discussed below, the number of financial service firms to which SMCR applies has been expanded in recent years. The aims of this expansion […]
