What is A Data Protection Impact Assessment (DPIA)? Data Protection Impact Assessments (DPIA) are a requirement of the UK GDPR. The assessment aids in compliance with the data protection requirements and obligations. It’s aim is to help firms identify the risks associated with data processing and those posed to data subjects. Completing a DPIA is […]
What is Information Security? Given the digital scope of business today, most firms are heavily invested in their Information Security programs and procedures. Ensuring that data, systems and infastructures are safe and secure should be run of the mill and a top priority, regardless of size or sector. Information Security in its broadest sense is […]
What is a Fitness & Propriety Test? The FCA make it mandatory for certain firms to assessing and verify the fitness and propriety of any employee who is (or will be) carryng out a Controlled Function; Senior Management Function; and/or a Certification Function. This requirement ensures that roles posing a significant impact or risk to […]
Businesses and sole traders with obligations under the Money Laundering Regulations (MLR) are required to be regulated by a supervisory authority. These include bodies such as the FCA, HMRC, The Gambling Commission and certain professional bodies. Businesses operating as an accountancy service provider are overseen by the HMRC and in additon to the MLR obligations, have specific requirements they must comply with.
What is a Responsibilities Map? There are numerous mandatory requirements in the FCA’s Senior Managers & Certification Regime (SMCR). Whilst the FCA provide a free template for completing the Statement of Responsibility (SoR), enhanced firms also need a Management Responsibilities Map to support the individual Statements of Responsibility (SoR). The Responsibilities Map template should consist […]
Most firms will have an Outsourcing Policy Template that is used to document their objectives and procedures for outsourced services and functions. The term ‘outsourcing’ refers to any business function or service that is provided by, or contracted out to an external provider or supplier.
Common examples of functions that are outsourced or are provided by an external supplier include postal and mailing services; shredding and confidential waste disposal; IT services and disaster recovery; debt collection and translations.
The Know Your Compliance Limited FCA Compliance Manual Template is the most comprehensive FCA template package on the market. With over 5500 organisations using our policy templates and packages, we are the market leader for FCA compliance solutions.
Our bespoke FCA Compliance Manual comes with a 300+ page main manual, as well as over 100 policy and procedure templates. Firms who must comply with the FCA regulations can hit the ground running with this extensive package. All parts of the manual and supporting policies are fully customisable and provided in a Word format.
The CASS Sourcebook is part of the FCA Handbook and applies to all firms who hold or control client money and safe custody assets (client assets). The guidance, rules and requirements set out in CASS have been created to ensure that adequate protections and controls are in place to safeguard client assets should a firm fail or exit the market.
CASS Policy TemplateClient Assets is an area of high importance to the FCA. The regulator has made significant changes to this area since taking over the role from the FSA. The importance of Client Assets is mae clear by one of the FCA’s defining Principles for firms: –
Principle 10 Clients’ Assets – “A firm must arrange adequate protection for clients’ assets when it is responsible for them”.
Art. 13 and Art. 14 of the UK GDPR specify what information needs to be provided to individuals when their personal data is being processed. Art. 13 details the requirements where data has been collected directly from the data subject and should be provided in the form of a Privacy Notice.