If you are applying for FCA authorisation, you will definately have wondered “what are the FCA compliance arrangements?” These are referred to in the application form and supporting authorisation application guidance notes. In their reference to these compliance arrangements, the regulator advises that ‘when assessing your application, they need to be satisfied that you have […]
Do you intend to hold client money? If you are authorised by the FCA and the answer to this question is yes, read on! Regulated firms holding client money must comply with the rules set out in the Client Assets Sourcebook (CASS). These apply to firms who hold or control client money or safe custody […]
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 […]
If you are looking for consumer credit policy templates, you have come to the right place! Know Your Compliance Limited are the UK’s leading provider of FCA policy templates and compliance manuals. With more than 11,000 firms already using our documents, you can be assured of high-quality, professional and compliant policies, procedures and controls to […]
Vulnerability training for employees is not only essential for FCA authorised firms, but also any business that may be dealing with customers. Having employees who are able to identify when a customer is vulnerable and knowing how to help them is an essential business function. At Know Your Compliance Limited, our Vulnerable Customer training and […]
FCA Consultant or FCA Template Provider? An FCA compliance consultant is an individual who can help a financial services regulated firm gain or maintain authorisation. The FCA’s authorisation application process can be rigorous and complex, so having a consultant to work with can be useful. However, it can also be very expensive and is often […]
The CASS 10 Resolution Pack…if you know, you know! The Client Assets Sourcebook (CASS) is not one of those things you come across randomly. If you are searching the internet for information on CASS, chances are you are or will be dealing with client assets and/or money within the financial services industry. The Financial Conduct […]
AML Reform Summary For the past 2 years, the Government has been consulting on proposed reforms to the UK’s anti-money laundering (AML) and counter-terrorism financing (CTF) supervision regime. The Government has now published its decisions of the responses, outcomes and reforms for the future of AML oversight. New AML Supervision Regime The Government put forward […]