Apr. 09, 2021
In regards to the 801; A business that is trading safely should not be afraid of disclosure. In my opinion this rule gives the required transparency to monitor members to ensure there is no hidden issue, which could have wider ranging consequences. As a director of a UK based Insurance and Finance business; I can say that our regulator the FCA runs similar disclosures of all party firms which enables them to act quickly to noticed discrepancies, of which I believe the 801 will do. Many Thanks Alex Mills Managing Director