Request a Demo Today

Release Date: 1st February 2016

To access the original FCA document, click here.

Summary

Coverall Worldwide Ltd, an insurance intermediary, has been fined £36,800 by the Financial Conduct Authority (FCA) for significant regulatory breaches. The fine was reduced from an original £471,638 due to Coverall’s financial hardship and early settlement.

Reasons for the Fine:

Key Takeaways for Other Firms:

Conclusion:

This action by the FCA underscores the critical importance of rigorous oversight, effective risk management, and strict adherence to regulatory requirements. Firms must ensure that they have robust systems in place to protect client interests and maintain market integrity.

Back to the Dear CEO letter archives.