We held a series of workshops with non-domestic Suppliers and Brokers earlier this year to explore what, if anything, RECCo could do to support the regulation of Third-Party Intermediaries (TPIs). Both parties were overwhelmingly in favour of the introduction of a Code of Practice (CoP) and supported the use of a standard Letter of Authority (LOA).
We’re pleased to have a draft approach to a CoP and standard LOA that we want relevant stakeholders to consider. We think a principles-based approach is the most appropriate way to introduce a CoP; it sets standards whilst allowing participants the flexibility that meets their business model.
This is your opportunity to provide feedback on the principles we have developed before a full draft CoP is issued for consultation. As such, we’re hosting an event for TPIs in Manchester on June 20th, where we will present our proposal and seek input.
To learn more and register your interest, please see the details below.
Join the event
Join us from midday at the Malmaison, 1-3 Piccadilly, Manchester, M1 3AQ. Following a light lunch, the event will run from 1 pm-3 pm.
Please register your attendance using this link.
More about the workstream
Following our earlier events, we set out our key deliverables and indicative time frames for delivering a Code of Practice, a Performance Assurance Regime, and a Letter of Authority. You can find details of this here.
