Complying with the FCA rules is a twofold process. Firstly, you will need to have policies and controls in place to comply with the regulations before carrying out regulated activities. If you will be performing a regulated activity, you will need to apply for FCA authorisation. Secondly, if you are already authorised by the FCA, […]
Do you work in a compliance role? If so, it will be part of your job to draft and implement policies and procedures. The term ‘compliance’ covers a wealth of functions and activities. However, at its most basic level, it means there are standards, regulations or laws within your business that must be adhered to. […]
Know Your Compliance Limited are one of the UK’s leading providers of business policy templates. We are experts in both policy development and the implementation process. Businesses often need a robust framework of policies and procedures. Some of these are specific to the size, scope and sector of the company. However, many are mandatory requirements […]
Ever typed “where to buy business policy templates” into Google? If so, you will have come up with thousands of search results. However, knowing where to buy templates versus which ones are the best are two different questions. If you have used that search term, or something similiar, you will have noticed that Know Your […]
Want to know how to write a business continuity plan template that is effective? Many businesses don’t think such a plan is important – until it is! The procedures you develop for disaster recovery may well save your business one day. Operational Resilience Operational resilience is the ability of a business to identify, control, mitigate, […]
Why would you need to carry out a TCF self-assessment? If you are regulated by the Financial Conduct Authority (FCA) you will have obligations under the ‘Responsibilities to Customers‘ rules. Dependant on your business and permission type, you may also have similar obligations under the Consumer Duty rules. Treating Customers Fairly (TCF) remains one of […]
The FCA skills, knowledge and expertise is referenced under the compliance arrangements and procedures section of the authorisation application. It is also relevant to the FCAs training and competence requirements and the Senior Managers and Certification Regime (SMCR). Those applying for FCA authorisation will need to confirm that they have measures and controls in place […]
This short article provides example FCA regulatory business plan criteria and headings. If you are going through an FCA authorisation application, you will need to submit your completed regulatory business plan during the application submission. The plan’s aim is to provide the regulator with information about the regulated activities you intend to carry on, evidence […]
HMRC Money Laundering Regulations are not actual regulations. However, HMRC are one of the supervisors of businesses with obligations under the Money Laundering Regulation 2017 (MLR). Certain sectors, such as estate agents and accountants, need to register with HMRCs anti money laundering scheme. Your HMRC AML Responsibilities Your responsibilities under money laundering supervision if you […]
Excel is the perfect tool for creating an anti money laundering gap analysis checklist. It provides ease of use, compatibility and flexible options for customisation. You often need a large number of self-assessment questions to identify gaps and evidence compliance. Therefore, using an Excel based checklist can make all that data simple! Spreadsheets provide useful […]