Are you currently in the process of completing your Financial Conduct Authority (FCA) application? If you are looking for templates and policies for FCA authorisation, look no further! Know Your Compliance Limited are the UK’s leading FCA policy template provider. With 11,000+ organisations using our documents and toolkits to meet and exceed their regulatory compliance […]
One of the most asked questions we get via email is “Do you sell money laundering risk assessment documents?” If you are a firm or sole trader who has obligations under the Money Laundering Regulations (MLR), then you are going to need to have such ‘documents’ in place. Financial Crime Risk Assessments Financial crime encompasses […]
Free Template for MLRO Report The Financial Conduct Authority (FCA) have reporting rules and requirements set out in the ‘Senior Management Arrangements, Systems and Controls (SYSC)’ section of their handbook. This free template is aimed specifically at those relating to financial crime and anti-money laundering. The Money Laundering Reporting Officer (MLRO) under the FCA is […]
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 […]
“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 […]
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 […]
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 […]
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 […]
Having adequate, effective and compliant policies, procedures and training workshops on what makes a customer vulnerable, how to identify them and how to communicate effectively is not only a mandatory FCA requirement, but also an essential business practice. It is even more important in times of national crisis, such as the current pandemic, to ensure […]