FCA Compliance Monitoring Requirements At the time a firm applies for FCA authorisation, and during the authorised period, they must maintain a Compliance Monitoring Programme Document. The requirement to complete this document is noted on the application form and in the supporting notes. The regulator expects every firm to document the checks undertaken to ensure […]
Summary From 7th May 2026, payment and electronic money institutions, including credit unions that issue e-money, will have obligations under the FCA’s Supplementary Regime and Client Assets (CASS) Sourcebook. The regime ensures better safeguarding practices by these institutions and is aimed at reducing risk of harm to consumers and market integrity. This article provides an […]
Summary The FCA’s Client Assets (CASS) Sourcebook has been a part of the financial services regulations for more than 20 years. The rules contained in CASS apply to regulated firms who hold or control client money or client assets. As of 7th May 2026, the CASS sourcebook will also apply to electronic money institutions and […]
If you are looking to find what the best solutions to ensure SMCR compliance are, you have come to the right place! This quick guide article will give you an overview of the regime, provide guidance on how to comply with the rules and list the top solutions and tools for compliance. What is the […]
Any compliance action is only as good as its outcome! Remembering this is essential if you want to understand how to effectively monitor compliance in your organisation. You can have any number of procedures, systems and monitoring tools in place. However, without defining goals and monitoring the results and outcomes, you will end up with […]
Compliance should be made as simple as possible because it is a complicated business area. This is true regardless of which sector or industry you work in. Compliance is so much more than just another business function. Adhering to whichever rules, regulations, laws and standards apply to your business is the ‘what’ of compliance. However, […]
Download our CASS Resolution Pack for just £65 (exc vat) today! Comply with the FCA’s Client Assets Sourcebook with our complete resolution pack template suite. Containing bespoke manuals for compliance with both CASS 10 and CASS 11, the pack contains Word and Excel formats for the RP. Click on the below images to see samples […]
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. […]
Whistleblowing is the direct action of disclosing or reporting wrongdoing within a company. It occurs when an individual suspects or has become aware that an illegal, unsafe or unethical practice or activity is taking place. The individual then shares this information with another person, authority or regulator. Legally, the act of whistleblowing is known as […]