Tag Archives: Fca Compliance Consultants

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 […]

Can You Or Your Firm 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 firm; 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 making the money) looks at compliance the way […]

Effective Management Information for Conduct Risk

making comoliance work compliance doctor

The conception of “conduct risk” has risen to the top of firms’ and regulators’ agendas recently. In the UK, the FCA expects conduct risk management as being embedded into firms’ risk management frameworks, promoted by proper management information (MI). Building on ongoing regulatory and supervisory requirements and our knowledge of what works well in practice […]

Updated FCA proposals on operational and security risk management by Payment Services Providers (PSPs)

compliance doctor consultants london fca handbook

In March 2018, the FCA produced its consultation paper (CP18/6) on its proposed approach to the implementation 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 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. On the whole, the documents […]

Authorisation with the FCA: Magic Trick?

It might sound trite, to compare making an application for authorisation to a magic trick, Yet 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 vexatious.” […]

Can You Really Afford Generic Ongoing Compliance Support?

Compliance Consultants, London and Nationwide Compliance is an ambivalent function. On the one hand you are seen as the regulators’ ally inside the investment firm; overseeing the implementation of their regulation. Meanwhile, you are paid by the investment firm and part of their culture and hierarchy. You might say ‘front office’ (traders making the money) […]

Exactly how do I eventually become FCA authorised?

How do I come to be FCA authorised? You want to satisfy the Threshold Conditions, which are the FCA’s minimum standards for getting, and remaining, authorised; see below. The operation of applying for authorisation requires the appropriate completion and submission of particular recommended forms: An applicant for Part 4A Permission, other than in so far […]