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CP140: The Interim Prudential Sourcebooks for Insurers and Friendly Societies and the Lloyd’s Sourcebook: Guidance on Systems and Controls

Consultation paper 140 from the FSA sets out guidance on •high-level controls; • risk assessment; • legal risk; • internal audit; • management information; • outsourcing; and • group risk. This guidance will take effect before the Prudential Sourcebook is implemented in 2004. It is available at It was issued in July 2002 and the consultation period ended on 3rd October 2002. PS140 is the result of the consultation.