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This month’s Latest regulatory developments

COVID-19 – FCA statement on how firms should handle post and paper documents The FCA published a statement on the 13th May 2020 which sets out its position on the

What Good Governance looks like in regulated firms

FCA Expectations Corporate governance is the system of rules, practices and processes by which a company is directed and controlled. For regulated firms, the governance structure is not prescribed, although

Building a workable risk register – Control Framework (Part 2)

The Control Framework is a data structure that organises and categorises a firm’s internal controls. These being practices and procedures which minimise the risks set out in the Risk Register

Firms handling of complaints during the coronavirus

The FCA clarifies its current position in relation to dealing with complaints in a statement on the 1st May 2020 which will be reviewed in 3 months time. The FCA

Covid-19: new FCA client assets webpage

The FCA set out its current position in relation to client assets in a statement on the 6 April 2020 as a consequence of queries that it had received from

Building a workable Risk Register (Part 1)

The Risk Register is a tool for documenting operational risks and actions to manage or control them. It is generally administered by the Chief Risk Officer (CRO) or in small

Latest on Operational Risk and Resilience

  On 4 March 2020 the FCA published a statement outlining their expectations as to how firms should respond to the situation we find ourselves in due to the Covid-19

FCA expectations for solo-regulated firms applying SMCR during Covid-19

  On 3 April, the FCA published a statement alerting FCA solo-regulated firms of its expectations under the Senior Managers and Certification Regime (SMCR) during the continued COVID-19 situation. Its

FCA “Dear CEO” Letter for Wholesale Firms

  18.04.2019   FINANCIAL CRIME, SM&CR

On 18 April, the Financial Conduct Authority (FCA) published a Dear CEO letter explaining its view on the key harms that brokerage firms operating in wholesale financial markets pose to their clients

Financial Conduct Authority Business plan 2019-2020

  17.04.2019   FINANCIAL CRIME, SM&CR

On 17 April, the Financial Conduct Authority (FCA) has published its Business Plan 2019/20, which sets out the FCA’s main areas of regulatory focus for the year ahead. The FCA states

Financial Conduct Authority Updates on SM&CR

  11.03.2019   SM&CR

On Friday 8 March, the Financial Conduct Authority (FCA) issued two important updates forthe implementation of the Senior Managers and Certification Regime (SM&CR): Policy Statement (PS19/7) – The Directory Finalised

SMCR – FCA Proposed Guidance on Statements of Responsibilities

The FCA has published a Guidance Consultation (GC 18/4) to provide practical assistance and information to firms in preparation for the extension of the Senior Managers and Certification Regime (SMCR).

Sensible and Proportionate Approaches to SMCR and MiFID II

It is without doubt that the Senior Managers Regime and MiFID II are front of mind for the majority of Exec and Non-Exec directors in Financial Services companies. As the