Compliance Monitoring Programme Document
Nov
Compliance Monitoring Tools
There are 2 mandatory documents that the FCA requires a firm to submit when they apply for FCA authorisation. One is the Regulatory Business Plan and the other is the Compliance Monitoring Programme. The latter is where a firm documents all their compliance controls, measures and actions. On the regulators application for authorisation notes the FCA state “please attach a copy of your compliance monitoring programme document”. They also provide a completed example within the same guidance sheet.
The programme is one of the few documents a firm has to physically submit with their FCA authorisation application. However, the contents in the programme document demonstrate what compliance measures and policies a firm actually has in place. The same application guidance notes also provide the minimum compliance procedures that are expected to be in place. These are the mandatory areas that policies and controls should refer to and that make up a firms’ regulatory compliance manual.
