Compliance Officer registration for PPI with OFT
Earlier this year the Competition Commission introduced new PPI rules which extend beyond those of ICOBS. The PPI definition includes MPPI, ASU and short term Income Protection so if you advise or plan to advise on these it applies to you. These new rules are supervised by the OFT, not the FSA, and require registration of the Compliance Officer responsible for PPI within a firm with the OFT. They require the name, contact number and email of the individual and we recommend you provide your CCL and FSA numbers for ease of reference. These details should be emailed to the following: Natalie.Lam@oft.gsi.gov.uk
