The Compliance Doctor

The Imperative of SMCR in Current Times The pandemic has profoundly impacted operational frameworks across industries, pushing many firms to deprioritise compliance measures. However, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have reiterated that obligations under SMCR remain paramount. Their joint communications emphasise the necessity for firms to adapt swif...

FCA Notifications and Key Themes To learn more or to schedule a no-obligation discovery call, please get in touch with us at https://complianceconsultant.org , Email info@complianceconsultant.org or in the UK call on 0800 689 0190. Also mention offer of a massive 25% Discount for 2025, our Silver Anniversary Offer. Alternatively, you can schedule a call directly via this link https://bit.ly/CCDisc...

The ICARA process marks a shift towards a holistic risk management approach for MiFID investment firms. It mandates proactive identification and mitigation of potential harms to consumers, clients, and markets, alongside maintaining sufficient financial resources for operational stability and orderly wind-down. Overall, the ICARA process demands a proactive and comprehensive approach to risk manag...

Welcome to our latest video on FCA Compliance Consultants! In today’s ever-evolving financial landscape, ensuring compliance with FCA regulations is paramount for any business operating in the UK’s financial sector. In this video, we dive deep into the essential role that FCA Compliance Consultants play in safeguarding your business against regulatory pitfalls. What You’ll Learn: - The Importance...

Review of FCA's Prudential Assessment of Acquisitions and Increases in Control Purpose: To provide a comprehensive overview of the FCA's updated guidance on change in control notifications, focusing on key themes and requirements. To learn more or to schedule a no-obligation discovery call, please don’t hesitate to get in touch with them at https://complianceconsultant.org, Email info@complianceco...

Consumer Duty Implementation and Oversight# A. Ongoing Advice Standards: Firms must ensure ongoing advice is valuable by: Clearly defining services and fees. Demonstrating client-specific value, particularly for new clients. Providing timely, proactive advice. Maintaining transparent documentation. B. Customer Outcome Monitoring: Effective monitoring is crucial for compliance. Firms should: Assess...

FCA Authorisation for CMCs This podcast reviews key themes and information from three sources regarding FCA authorisation for Claims Management Companies (CMCs) in the UK. Book a no-obligation discussion via this link https://bit.ly/CCDiscovr . Apply to become a claims management company | FCA The source, directly from the FCA website, outlines the application process for becoming a regulated CMC....

This podcast provides an FCA Compliance Manual Template overview designed to assist UK financial firms in meeting regulatory standards. It covers crucial areas such as customising procedures for the Senior Managers and Certification Regime (SMCR), incorporating the Consumer Duty policy, and implementing anti-money laundering (AML) policies. The template serves as a practical tool for firms to fulf...