The FCA has announced an amendment to the existing rules which will allow firms to apply for a 'modification by consent' to allow temporary cover for an absent senior manager to be extended from 12 weeks to 36 weeks without FCA approval of the individual.
This is designed to allow extra flexibility for unexpected absences due to the COVID-19 virus, or for delays in recruitment as a result of the current pandemic.
Clients of threesixty are kept up to speed with the latest regulatory, industry and technical developments via our regular news and opinions articles.
As well as being updated via the articles we publish to threesixty online, clients can specify to us what type of articles they want to receive (by category) and how frequently they receive them.
To try this service, simply register your details with us and we'll give you 3 months free and unlimited access to our news and opinions.