After the introduction of the financial assessment requirement as part of FAIM 3.2 in January 2019, we have the pleasure of sharing with you the first report from the independent auditor EY, assessing the creditworthiness of FIDI Affiliates based on their financial accounts.
The main purpose of reintroducing the Financial Assessment requirement into FAIM was to demonstrate that FIDI Affiliates are financially sound and trustworthy to do business with. Or in other words: that FIDI Affiliates can indeed pay the bill!