Investment business & brokers

Since January 2005, insurance broking firms have been regulated by the Financial Services Authority ("the FSA"). As a result firms must maintain adequate systems to ensure compliance with the FSA's detailed and complex rules in relation to the holding of client money. Failure to comply with these rules can have potentially serious consequences.

So as to monitor compliance with the client money rules insurance broking firms are required, albeit in certain limited circumstances, to appoint auditors to report on whether they have maintained adequate systems to enable compliance with the rules and whether they were in compliance with the rules at the date at which the report is made. This report, which is required irrespective of whether the insurance broking firm is exempt from a statutory audit under the Companies Act, must be made within four months of the end of the period covered by the report.

At Robertshaw Myers we are experienced in providing client money reports, supported by detailed testing, using detailed client money programmes.

Contact us

To discuss the needs of your hotel, please contact a member of our Investment Business team or send us an enquiry online.