FCA - Mortgage and General Insurance Intermediaries Manual (UK)

Our Financial Conduct Authority (FCA) Mortgage and General Insurance Intermediaries (MGI) Manual provides you with the current and permanent file programmes needed to undertake an FCA client assets (CASS) audit engagement for a mortgage or general insurance intermediary, in accordance with the FRC's Client Assets Assurance Standard.

Our FCA Mortgage and General Insurance Intermediaries (MGI) Manual can be browsed online or sections of content or commentary can be downloaded in Microsoft word or PDF. There is also the flexibility to ‘customise’ a download suitable for your engagement. For every new assignment, you will need to navigate to our website to obtain the most up to date version.

Guidance notes that provide you with essential background knowledge on the scope of FCA regulation of the mortgage and general insurance intermediary sector. They cover the key aspects of the audit and reporting requirements for such businesses, including the FRC's Client Assets Assurance Standard.
Example letters, which include engagement terms for a limited company intermediary that set out the FCA aspects of the engagement and a confirmation letter for firms operating non-statutory trust accounts. Supplementary example management representation letter points are also included.
An example CASS 5 audit report.
Permanent file documentation to help ensure that permanent files contain adequate specialist information.
Current file documentation to enable you to provide the CASS 5 audit report for an FCA mortgage and general insurance intermediary, comprising of planning, completion and work programmes which cover client money, non-statutory trusts, appointed and field representatives and other agents, mandates and sundry areas.

May 2021

This update principally incorporates:

FRC Ethical Standard 2019 - revision to ethical forms and guidance notes
Brexit - incorporating relevant company law and financial reporting standards changes

This update to your FCA (MGI) should be used with immediate effect.

December 2020
This update incorporates changes for the revision of the FRC CASS Assurance Standard in November 2019, which takes effect for CASS audit reports for periods beginning on or after 1 January 2020 (there is no scope for early adoption).

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FCA - Mortgage and General Insurance Intermediaries Manual (UK)

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