FCA corrects error in financial resilience survey in June
The Financial Conduct Authority (FCA) has identified a discrepancy in the Financial Resilience Survey (formerly the Covid-19 Impact Survey) it has sent to Tranche 1 firms (which include Personal and Commercial Lines Insurance Intermediaries) during June 2022.
The error relates to Question 2 and affects firms in Batch 1 who were issued the survey on 13 June 2022.
Question 2 should read:
What are your estimated cash needs (fixed costs, known variable costs) and expected cash inflows between 1 June and 31 August 2022? (GBP)
When responding to this question, please provide data in line with this reporting period.
The FCA has apologised for any inconvenience firms may have experienced.
BIBA members’ compliance and regulation queries should be directed to: compliance@biba.org.uk quoting their membership number.
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