The Cyber Wording Working Group reviewed broker feedback and agreed several amendments, with a presentation to follow once updates are finalised. The group will reconvene to complete revisions and determine whether a “Version B” is required. Legal updates covered motor finance, noting that lenders generally do not owe fiduciary duties, though claims may arise where an unfair relationship exists. The FCA’s proposed redress scheme focuses on discretionary commissions, with capped compensation anticipated. Firms are reassessing commission structures amid increased scrutiny of subscription-market fees. Members were advised to ensure TOBAs address SMB fees. A new co-opted member from Euclid was proposed, and a consolidated list of D&O and Cyber risk codes will be circulated.