YOUR COMPLIANCE MATTERS:   Additional FCA Financial Resilience Survey

YOUR COMPLIANCE MATTERS:   Additional FCA Financial Resilience Survey

Relevance:                   All firms.

Action required:         Awareness of potential update survey request from the FCA.

The latest announcement from the FCA, below, was published on the 28th October. Requests for updated Financial Resilience Surveys will be hitting inboxes from 3rd November. The FCA has, helpfully, confirmed their email addresses so you can check the request is not a scam (assuming of course that the FCA emails have not been hacked!):

‘We are asking a number of the firms we regulate to complete a short survey to help us obtain a more accurate view of firms’ financial resilience as a result of coronavirus (Covid-19).

In June-August this year, we issued the first phase of the Covid-19 impact survey. We will now be repeating this survey to understand the change in firms’ financial positions with time.

We will email the survey to the relevant firms during the period of 3-10 Nov. The completion of this survey is mandatory.

We will use the data provided, alongside existing data, to support our ongoing work. We expect to repeat this survey in the future.

We know firms will be concerned about phishing emails and scams at this time.

Please check that the e-mail address is from FCA@fcanewsletters.org.uk or an fca.org.uk e-mail address when you receive the survey. If you have any questions you can speak with our Contact Centre’.