Certification Functions are those that cover specific functions that are not not specified as Senior Management Functions, but that can still have a significant impact on customers, the firm and/or market integrity. The FCA does not approve those individuals performing certification functions in the same way that they do Senior Managers. Instead, the firm itself […]
In a speech delivered by Nausicaa Delfas (Executive Director of International) at the UK Financial Services Industry Beyond Brexit Summit in London, the FCA discussed their preparations for Brexit and beyond. Whilst it is still the case that nothing is set in stone with regards to the UK leaving the EU, the FCA were keen […]
The FCA are extending the Senior Managers and Certification Regime (SM&CR) to include solo-regulated firms from 9th December 2019. This extension aims to reduce harm to consumers and strengthen market integrity. There are 3 categories under the SM&CR: – Limited Scope: these firms will be exempt from some baseline requirements and will typically have fewer […]
Are you looking for a market leading anti money laundering checklist? If, so look no further! Our policies and checklists are used by more than 11,000 businesses and are fully customisable and ready to use. Completing an AML Gap Analysis means you can assess your current compliance with the Money Laundering Regulations. Our AML checklist […]
The Privacy and Electronic Communications Directive (2002/58/EC) goes hand in hand with data protection and focuses primarily on personal data, data protection and privacy in the digital arena. Known as the ‘ePrivacy Directive’, its core is rooted in the EU’s secondary law (Article 7 of the Charter of Fundamental Rights of the EU), the fundamental […]
Following on from their Mission back in April, the FCA yesterday published their Approach to Consumers paper, with both TCF and vulnerable customer awareness being heavily featured. The overall aim of the document is to ensure well-functioning markets for consumers, with the Regulator advising that their starting point is for firms to treat customers fairly […]
The Financial Conduct Authority (FCA) have just published their 2017/18 Business Plan, setting out their objectives, sector priorities, risk outlook, ongoing activities and the sectors who will come under closer scrutiny in the coming year. The plan also provides information on how the FCA will continue to meet their 3 main operational objectives: – Protecting […]
For the first time, the Financial Conduct Authority (FCA) have published their Sector Views document alongside their annual release of their business plan, mission objectives and fee consultation paper. What are Sector Views? The FCA advise that “they need a view of how the financial system works as a whole, as well as within its […]
Have you ever had that sinking feeling the day before an audit from a client? The wave of panic as you run around at the eleventh hour trying to collate and create evidence to prove you have a diverse and robust compliance program!. To demonstrate that your staff training regime is second to none or […]