Brokers warned: clock is ticking on Client Money Requirements

Michelle Worvell
01 Mar 2006

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Brokers have been warned that they have only a short time left to sort out their Financial Services Authority (FSA) Client Money Audit Requirements.

Both the British Insurance Brokers' Association (Biba) and compliance firms are reminding brokers that they only had four months from the 21 January to get them completed. This means that the very latest that brokers can submit the required information is the 21 May.

Branko Bjelobaba of compliance firm Branko said: "The deadline is looming and

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