Coronavirus and Brexit – Additional FCA Financial Resilience Survey

YOUR COMPLIANCE MATTERS:   Coronavirus and Brexit – Additional FCA Financial Resilience Survey

Relevance:                   All firms.

Action required:           Awareness of potential survey request from the FCA (please review the attached content to ensure you would be able to complete quickly, if asked).

You may already have been warned about (or received) the latest FCA Financial Resilience Survey. This is now hitting people’s inboxes, with a two week turn round requirement! As per the attached FAQs this will go out to 13,000 firms over the next few weeks and covers similar ground to the survey sent out previously.

Copies of the Survey content and FAQs are attached for reference.

Some points to note:

·        The FCA reckon this one will only take an hour to complete.

·        It is compulsory to respond

·        They may grant a short extension, but they would clearly prefer not to.

Please read the FAQs, before attempting to gather the information for the Survey, as not all questions will be relevant to you.

As always, if you wish to discuss any aspect of the Survey, please get in touch although the FAQs look pretty comprehensive this time.