Brokers may be failing to report misconduct : vimarsana.com

Brokers may be failing to report misconduct


Insurance Age
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Only 15 conduct rule breaches were reported by insurance brokers or intermediaries last year, according to new information released by the Financial Conduct Authority in response to a freedom of information (FOI) request by Sicsic Advisory.
Over 6,000 solo-regulated insurance intermediaries must inform the FCA each year of any conduct breaches by certified staff under specific reporting requirements.
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Sicsic Advisory said the FOI disclosure revealed that only ten firms reported
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