FCA - Mortgage and General Insurance Intermediaries Manual (UK)
Our Financial Conduct Authority (FCA) Mortgage and General Insurance Intermediaries (MGI) Specialist Assignment Manual provides you with the current and permanent file programmes needed to undertake an FCA client assets (CASS) audit engagement for a mortgage or general insurance intermediary, in accordance with the FRC's Client Assets Assurance Standard.
Our FCA Mortgage and General Insurance Intermediaries (MGI) Specialist Assignment Manual is written in Microsoft word and includes our tailoring tool 'Creator', which will help you select and edit your current and permanent file documentation.
- Guidance notes that provide you with essential background knowledge on the scope of FCA regulation of the mortgage and general insurance intermediary sector. They cover the key aspects of the audit and reporting requirements for such businesses, including the FRC's Client Assets Assurance Standard.
- Example letters, which include engagement terms for a limited company intermediary that set out the FCA aspects of the engagement and a confirmation letter for firms operating non-statutory trust accounts. Supplementary example management representation letter points are also included.
- An example CASS 5 audit report.
- Permanent file documentation to help ensure that permanent files contain adequate specialist information.
- Current file documentation to enable you to provide the CASS 5 audit report for an FCA mortgage and general insurance intermediary, comprising of planning, completion and work programmes which cover client money, non-statutory trusts, appointed and field representatives and other agents, mandates and sundry areas.
The latest version of FCA Mortgage and General Insurance Intermediaries (MGI) Manual is version 4.0, dated 03/18.
This update principally dealt with:
- The guidance notes and engagement letter guidance to reflect the withdrawal of APB Practice Note 21.
| Initial subscription fee | |
|---|---|
| Initial subscription fee: Sole Practitioner / Non-Audit Firm* | £245.00 |
| Initial subscription fee: 2-4 RIs* | £295.00 |
| Initial subscription fee: 5-9 RIs* | £395.00 |
| Subscription renewal | |
| Subscription renewal: Sole Practitioner* | £145.00 |
| Subscription renewal: 2-4 RIs* | £175.00 |
| Subscription renewal: 5-9 RIs* | £215.00 |
For 10 or more RIs please contact Jenny Faulkner at jenny.faulkner@mercia-group.com or call 0330 058 7141.
*Mercia Members receive a 10% discount.
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There is a one-off initial subscription fee for the right to use the manual dependent on the number of Responsible Individuals (RIs) for audit purposes in your firm.
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