Tag Archives: Fca Authorisation Consultants

A Matter of Trust

Military formations have long struggled to decrease the tension concerning the rigidity of their organisational constructions and the need for fast, definitive, imaginative leadership plus overall flexibility of activity on the battlefield. General George Armstrong Custer’s ego, for example, blinded him to the realities of the predicament at the Battle of the Little Big Horn, […]

Brand-new FCA suggestions on operational and security risk management by Payment Services Providers (PSPs)

compliance fca regulatory authorisation registration

In March 2018, the FCA released its consultation paper (CP18/6) on its proposed approach to the application of the European Banking Authority’s (EBAs) final guidelines on security measures for operational and security risks of payments services under PSD2. The Latest Approach document, Version 2, was released 19th December 2018 https://www.fca.org.uk/publication/finalised-guidance/fca-approach-to-payment-services-electronic-money-2017.pdf Generally, the documents do not […]

Compliance Manual Template with FCA SMCR Supplement

http://fca-compliance-risk-assessment-fully-editable-template-manual.co.uk Now with SMCR Supplement for Insurers. OK, So Why Should I Need A Compliance Manual? For any Compliance Officer, Compliance Manager or CF10/SMF16 who has been in the UK financial services industry for any more than a year, this document is important. Critically they will know that one of the first documents that they, […]

Do I Need To Be Regulated As An FCA Authorised Person?

Financial services providers, investment company and consumer credit firms ought to be Financial Conduct Authority (FCA) authorised. Here’s a summary of what you should know. Due to the regulations made under the Financial Services and Markets Act (FSMA) 2000, financial activities must be regulated by the FCA. Any firm (whether an enterprise, a not-for-profit or […]

Underpinning Better Decision-Making By Using MI

Underpinning better decision-making by employing Effective Management information for conduct risk The conception of “conduct risk” has risen to the top of firms’ and regulators’ agendas in the last few years. In the UK, the FCA presumes conduct risk management as being implanted into firms’ risk management frameworks, maintained by suitable management information (MI). Building […]

Extraordinary Escalation In RegTech Costing Forecast By 2023

That is with reference to a new report from Juniper Research, which predicts that spending on RegTech solutions, particularly, will increase from an approximated $18bn (₤ 14bn) this year to $115bn (₤ 100bn) by 2023. Financial investment is forecast to grow by approximately 45% per annum over the next five years, far greater than the […]

Do I Need To Be Regulated As An FCA Authorised Person?

Financial services providers, investment company and consumer credit firms ought to be Financial Conduct Authority (FCA) authorised. Here’s a summary of what you should know. With reference to the provisions made under the Financial Services and Markets Act (FSMA) 2000, financial activities will have to be regulated by the FCA. Any firm (whether an organisation, […]

Using Effective Management information for conduct risk

Underpinning better decision-making by using effective Management information for conduct risk The principle of “conduct risk” has risen to the top of firms’ and regulators’ agendas recently. In the UK, the FCA assumes conduct risk management to be embedded into firms’ risk management frameworks, assisted by relevant management information (MI). Building on latest regulatory and […]

Functional Risk Management Awareness

The term Operational Risk Management (ORM) is not brand-new. It has been tossed about in businesses throughout North America for the last a number of years. ORM and the oft associated term Enterprise Risk Management (ERM) have actually been used as corporate buzzwords, organisation culture idioms referenced in board meetings and articulated throughout presentations. Current […]

Do I Really Need To Be Regulated As An FCA Authorised Person?

Payment services providers, investment firms, most financial services companies and retail credit firms have to be Financial Conduct Authority (FCA) authorised. Here’s a summary of what you must know. With reference to the provisions made under the Financial Services and Markets Act (FSMA) 2000, financial activities have to be regulated by the FCA. Any firm […]