In previous Employers' Club alerts we have discussed HMRC's
"Know Your Customer" (KYC) initiative and the scope and format of
these meetings. Now, with the Employer Compliance Champions'
fixed-term roles coming to an end, we look at the future of KYC and
its expansion to cover mid-sized businesses in addition to those
covered by HMRC's Large Business directorate.
The summary below outlines key developments during Q1 2015, and
highlights expected changes for the rest of the year. This covers
remuneration requirements under CRD-IV, Solvency II and AIFMD.