Compliance Consulting

The FCA is applying ever-increasing scrutiny to applications including full reviews of compliance infrastructure, key person interviews and analysis of prudential controls. The executive directors have an excellent track record of successfully completing scores of FCA applications and registrations for all types of financial services firms.

Firms often want an independent assessment of their compliance systems and controls and how these would stand up to regulator scrutiny. The executive directors have conducted dozens of compliance health checks for a wide array of regulated firms – the health checks include critically analysing your systems and controls, sample checking files, reviewing policies and procedures and interviewing key staff. We can present our findings and recommendations either informally or formally, as desired.

As regulated firms grow, their corporate governance structure often fails to keep up. We can review your governance setup including reviewing your board and committee structure, reporting and escalation channels, the personnel carrying out important governance roles and all associated documentation relating to these aspects.

Financial crime is a continual hot topic in financial services given the continually evolving technology and sophistication of criminals’ deceitful methods of accessing financial services. We can review the full range of financial crime controls you have in place to ensure you are robustly protected from a policy, procedure and wider infrastructure/technology perspective.

Designing and implementing a comprehensive compliance monitoring programme is complex and time consuming. Compliance monitoring is a fundamental regulatory requirement that helps firms identify any areas of ongoing risk in their business.  The executive directors have vast experience in implementing robust risk-based compliance monitoring programmes for a vast array of regulated firms. Furthermore, we can test the effectiveness of any existing monitoring programmes that you have in place and can also conduct the routine monitoring on your behalf, reporting into your governance structure, as appropriate.

New industry prudential rules introduced in January 2022 are complicated and many firms are still adapting. The executive directors, and their wider network of compliance advisers, have helped many firms with their prudential requirements including those relating to regulatory capital, liquidity, remuneration, wind-down planning, risk registers and production of an Internal Capital Adequacy Risk Assessment (ICARA).

Coupled with this, we can assist with completing your regulatory returns via Reg Data ensuring all of the data is prepared compliantly prior to submission to the FCA. We can also submit on your behalf.

We offer a full suite of compliance staff training whether that be annual compliance, financial crime prevention, market abuse prevention, Senior Managers and Certification Regime, prudential or indeed comprehensive compliance training for new Compliance Officers and Money Laundering Reporting Officers.