The Rapid Response Unit in the Payments Department at the FCA are approaching member firms for a large amount of information so they can identify emerging risks and identify firms where harm may already be occurring.
They are asking firms to provide responses to a wide variety of questions which AFEP has circulated to members within a very short deadline, and firms are advised to be prepared to provide this to the FCA.
If you have any questions about the content or get approached by the FCA about this, please don’t hesitate to contact Liz