On the 4th July 2019: #FCA issues Dear CEO Letter to #EMoney & #PaymentServices firms on ‘Safeguarding arrangements of non-bank payment service providers’ and provide a #compliance report. The FCA report states that; The significant shortcomings we identified in firms’ safeguarding arrangements included: • poor understanding of which funds are relevant and should be segregated; […]
Quite simply put, if you are in sales, there is no way you should recommend anything to your client’s unless you can prefix it with “… because you said X and Y and Z, I recommend ABC …”
FCA authoriastion/registration application is a subject best assisted and supported by regulatory consultants. If you are attempting the process yourself, you will need to fully understand the requirements and definitions. The worst thing you can do is listen to those who think they know what is involved. Key documents that any firm will need, apart […]
Bitcoin is the first blockchain based cryptocurrency and is the popular and most valuable one. The popularity of Bitcoin has given birth to hundreds of alternate crypto-currenies designed with various specifications and functions. Some of these cryptocurrencies are clones of Bitcoins and few are forks. With so many cryptocurrencies out in the market, where new […]
The UK is among the world’s largest and most open economies, whose strength is based on extensive and productive relationships around the world. Government Ministers have the responsibility for national security and financial services, so they want the UK to continue to be a desirable country for legitimate business and a leading global financial centre. But they also recognise that the UK’s openness and standing as a global financial centre exposes it to the risk of illicit financial flows.
Extension of the SMCR to all financial services firms As we all know, the Treasury has directed the FCA to extend the Senior Managers & Certification Regime (SMCR) to all financial services firms in the UK. Many firms have still not started to prepare for their SMCR deadline of 9th December 2019. Jonathan Davidson, Executive […]
The FCA is tightening up its individual conduct rules, replacing the current Approved Persons Regime with the Senior Managers and Certification Regime (SMCR). SMCR regulation is complex and so in this SMCR guide course we explain the changes to the FCA Handbook and what you need to do to comply. You also have the opportunity of purchasing our SMCR 90+ Project Plan with a 50% discount.
Setting up a business to work from London, UK, when you are an overseas entity can be daunting and is not for the feint-hearted, but we can help with this range of FAQs concerning setup, property, recruitment and authorisation with the FCA or PRA. To have us act as your agent while set up is progressed is easy and cost effective. Contact us today 0207 097 1434.
As we all know, the Treasury has directed the FCA to extend the Senior Managers & Certification Regime (SMCR) to all financial services firms in the UK. Many firms have still not started to prepare for their SMCR deadline of 9th December 2019. We have created a 90+ point project plan for all firms, where we can conduct the entire project for you or you can buy our plan and conduct it yourself.
Compliance is an ambivalent function. On the one hand you are viewed as the regulators’ ally inside the investment firm; overseeing the implementation of their regulation. Meanwhile, you are paid by the investment company and a component of their culture and hierarchy. You might say ‘front office’ (traders making the money) considers compliance the way […]