Reminder about registering your Compliance Officer with OFT

In March this year the Competition Commission introduced new PPI rules which extend beyond those of ICOBS.

These new rules are supervised by the OFT, not the FSA, and require registration of the Compliance Officer that is responsible for PPI within a firm with OFT.

The details of a firms’ Compliance Officer had to be registered with the OFT by 21 April 2011.