Vulnerable Customers Awareness It is essential that FCA authorised firms know how to assess vulnerable customers. This means understanding what a ‘vulnerable customer’ is and learning how to identify people, situations and circumstances. Potential vulnerabilities can crop up in any customer-business relationship. For this reason, it is mandatory for vulnerable customer awareness to be a […]
Annual Board Report Overview Section PRIN 2A.8.3 of the FCA Handbook requires firms to prepare a governing body report. This annual board report must set out all results and management information obtained from the mandatory outcome monitoring and testing. The board (or equivalent governing body) must review the report, approve the outcomes and any remedial […]
We supply the UK’s leading FCA Compliance Manual to firms looking to gain or maintain their FCA authorisation application. Updated each year and cover all the mandatory policies, procedures and controls for compliance with the FCA Handbook. The contents of the manual are worth more than £2,500! However, you can get exclusive access to the […]
What is a Privacy Notice? A privacy notice as a document, form, webpage or pop-up that is provided to individuals at the point their personal information is collected. Where data is obtained indirectly, the notice is provided at the earliest opportunity. A business is obligated to provide a privacy notice to all individuals when their […]
High-Risk Countries Regulations The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2024 came into force on 24th January 2024. It makes alterations to Regulation 33(3)(a) of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR). Prior to this date, countries posing a higher risk of money […]
New to FCA authorisation? Just completing your FCA application? Whether you are trying to become authorised by the FCA or you are reviewing your existing FCA compliance framework, our exclusive FCA Application Policy Toolkit is for you. When you read through the FCA guidance notes that accompany the FCA authorisation application, you will see the […]
Know Your Compliance Limited are market leaders in GDPR policy and template development. We have been writing and selling data protection policies and procedures for more than 10 years and supply thousands of customers from hundreds of industries. Our exclusive GDPR Self Assessment Checklist is an Excel based tool that enables a business to assess […]
Anti money laundering policy templates will save you time and money. Understanding and complying with the Money Laundering Regulations (MLR) is a complex and time consuming facet of running a business. Many sectors and industries have obligations under the and are supervised by approved governing bodies. The main Supervisory Authorities for money laundering are HMRC […]
“Assessing the compliance of firms with Consumer Duty obligations.” Consumer Duty assessment and monitoring has been a key focus for the FCA since it came into force last year. The regulator has been completing monitoring waves across a range of sectors to assess compliance with the Consumer Duty rules. The second wave of monitoring sampled […]
What is an Important Business Service? An important business service is one that if disrupted, could cause potential harm to consumers and/or pose a risk to the stability and integrity of the financial market or system. Completing an Important Business Services Assessment is mandatory for many regulated firms. The identification and documentation of such services […]