Tag Archives: Fca Authorisation Consultants

Employing Effective Management Information for Conduct Risk

Underpinning better decision-making by employing Effective Management information for conduct risk The philosophy of “conduct risk” has bubbled to the top of firms’ and regulators’ agendas in the last few years. In the UK, the FCA expects conduct risk management as being implanted into firms’ risk management frameworks, promoted by proper management information (MI). Developing […]

Can You Really Afford Generic Ongoing Compliance Support?

Can You Really Afford Generic Ongoing Compliance Support? Compliance is an ambivalent function. On the one hand you are considered as the regulators’ ally inside the investment company; overseeing the implementation of their regulation. Conversely, you are paid by the investment company and part of their culture and hierarchy. You might say ‘front office’ (traders […]

Effective Management information for conduct risk

Underpinning better decision-making by making use of Effective Management information for conduct risk The conception of “conduct risk” has been elevated to the top of firms’ and regulators’ agendas in recent years. In the UK, the FCA expects conduct risk management to be lodged into firms’ risk management frameworks, sustained by relevant management information (MI). […]

FCA Authorisation and Harry Potter?

It might just seem trite, to compare making an application for authorisation to a magic trick, but if you are under any impression that less-than-perfect preparation is good enough, take heed. Sarah Rapson, director of authorisations at the FCA said that, “We have begun to take a harder line on submissions that border on the […]

Can You Really Afford Generic The Same Old Compliance Support?

Compliance is an ambivalent function. On the one hand you are viewed as the regulators’ ally inside the investment company; overseeing the implementation of their regulation. Conversely, you are paid by the investment firm and a part of their culture and hierarchy. You might say ‘front office’ (traders making the cash) considers compliance the way […]

Functional Threat Management Awareness

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

NEW PSD APPRoach Document From FCA December 2018

Updated FCA suggestions on operational and security risk management by Payment Services Providers (PSPs) In March 2018, the FCA produced its consultation paper (CP18/6) on its proposed approach to the application of the European Banking Authority’s (EBAs) final guidelines on security strategies for operational and security risks of payments services under PSD2. The Latest Approach […]

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

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

Hocus Pocus? Smoke & Mirrors? Not in FCA Authorisations

It might possibly seem run-of-the-mill, to compare making an application for authorisation to a magic trick, but if you’re under any illusion that less-than-perfect preparation suffices, beware. Sarah Rapson, director of authorisations at the FCA said that, “We have begun to take a harder line on submissions that border on the vexatious.” Obviously, it’s hard […]

2016 FCA Changes to Regulated Complaints Handling

The changes made to the FCA’s complaint handling rules (appearing inthe FCA Handbook – DISP)in June 2016 are well documented and should have been embedded by this time. In conclusion:  The ‘next business day rule’ has been extended to develop into a ‘three business day rule’ (where sending final response letters (FRLs) are required). Firms […]