Tag Archives: Fca Authorisation Timescales

FCA Authorisation and Harry Potter – Guaranteed Results?

It may seem run-of-the-mill, to compare submitting an authorisation to a magic trick, Yet if you are under any false impression that less-than-perfect preparation suffices, listen up people. 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.” Needless to […]

FCA Authorisation Brochure – The Basic Process

At last! A site that helps you understand differences between an FCA Authorised Person. FCA Approved Person and the FCA Regulated Activities involved. Also helps identify what you need for FCA Authorisation, including requirements from the FCA Handbook

FCA Authorisation Spell – Guaranteed Results?

It may well sound worn-out, to compare submitting an authorisation to a magic trick, Nevertheless if you are under any illusion that less-than-perfect preparation suffices, listen up. 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.” Undoubtedly, it’s hard […]

FCA Authorisation Hocus-Pocus – Guaranteed Results?

compliance doctor consultants london fca handbook

It might possibly appear run-of-the-mill, to compare making an application for authorisation to a magic trick, However 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 […]

Ambulance Chasers Caught?

Claims management companies (CMCs), known in the financial services compliance business as “Ambulance Chasers” will must come up with over ₤ 7m in 2019 to set up a compliant scheme to adequately satisfy the regulator of the the sector, the Financial Conduct Authority (FCA) has revealed.  The approximate price to be paid in 2019-20, if […]

Ambulance Chasers Finally Get Cornered?

Claims management companies (CMCs), known in the financial services compliance business as “Ambulance Chasers” will have to stump up over a cool ₤ 7m next year to develop a compliant scheme to adequately satisfy the new regulator the sector, the Financial Conduct Authority (FCA), The amount be paid in 2019-20, if accurate, is 42% of […]

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 […]

Do You Really Want To Afford Generic Ongoing 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 […]

FCA Complaints Handling Changes in 2016

The alterations made to the FCA’s complaint handling rules in June 2016 are well documented. 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 concerned). Firms must now send a ‘Summary Resolution Communication’ (SRC) in response to all complaints […]

Fee Proposals – Honest & Transparent

We recognise that value for money is a pre-requisite for all business expenditure. Professional fees are no exception. We have the following values, to which we adhere; Fairness – we don’t judge Sound recommendations (with evidence to support) Long Term plans/strategy Excellence in Primary & Remedial care Serving you as an individual and respecting your […]