Compliance Insights Articles

What does the FCA's Systems and Controls Sourcebook (SYSC) mean for firms and Senior Managers?

The past two years have brought a whirlwind of new regulatory requirements, guidance and legislation that financial services firms have...

Robert Bell

Jan 8, 2020

FCA's Priority of Operational Resilience - What Does That Mean For Your Firm?

High on the FCA’s cross-sector priorities for 2019/20 is ‘operational resilience’. The Regulator has recently turned its attention to...

Victoria Bell

Dec 11, 2019

What is a DPIA and what must you do when you need one?

Following the implementation of the General Data Protection Regulation eleven weeks ago, the Information Commissioner’s Office have...

Robert Bell

Aug 7, 2018

FCA's Final Guidance and Rules on Staff Incentives and Remuneration in Consumer Credit

The Financial Conduct Authority (FCA) have published the final rules and guidance relating to staff incentives, remuneration and...

Victoria Bell

Apr 18, 2018

Personal Data Breach: What do you need to consider under GDPR?

With many changes to our working practices on the horizon it’s easy to forget the importance of understanding what to do when things go...

Robert Bell

Mar 21, 2018

What are DPIAs and when are they required under GDPR?

Many firms and organisations will be familiar with the concept of a Data Protection Impact Assessment (DPIA) – they have been recommended...

Victoria Bell

Mar 15, 2018

Breach Reporting under GDPR: What You Need to Know

One of the changes to be introduced under the General Data Protection Regulation (GDPR) is the requirement to report breaches to the...

Robert Bell

Mar 7, 2018

GDPR – The Role of Your Data Protection Policy

One question I have been asked recently is “what should be in our GDPR compliant Data Protection Policy?” In fact, it’s something I have...

Robert Bell

Jan 23, 2018

Regulatory Horizon for 2018

2018 promises to be a bumper year for compliance. I can hear what you are thinking, you’ll be muttering, “Isn’t it always?” Seriously,...

Robert Bell

Jan 18, 2018

4 Steps to Effective Auditing

The serious repercussions of a lack of compliance controls really came to our attention in 2017. With the Grenfell Tower tragedy and a...

Robert Bell

Jan 10, 2018

Why Consumer Credit Firms Need to Audit Their Staff Incentive Schemes

The FCA’s consultation on staff incentives - covering remuneration, incentive schemes and performance management – in consumer credit...

Robert Bell

Dec 5, 2017

The FCA's take on your Christmas Bonus

As we enter into November it is probably the time of year you are planning your team’s Christmas bonus. You may decide to pay your bonus...

Robert Bell

Nov 1, 2017

How to Improve Audit Effectiveness

Gaining oversight of the performance of your organisation is central to any FCA authorised firm, not least ensuring compliance with the...

Robert Bell

Oct 12, 2017

FCA Authorisation for Consumer Credit Firms - A Guide

Authorisation is the cornerstone of the Financial Conduct Authority’s (FCA) regulatory regime. When you apply for authorisation you will...

Robert Bell

Sep 21, 2017

Why Is the Third Line Quality Assurance Function so Critical?

It has now been three and a half years since we moved from the clutches of the Office of Fair Trading to those of the Financial Conduct...

Robert Bell

Sep 13, 2017

5 Steps to Risk Management in Debt Collection

The Financial Conduct Authority's (FCA) consultation on the extension of the Senior Management and Certification Regime (SM&CR) to all...

Robert Bell

Jul 27, 2017

Why is Risk Management so important?

Risk management is a concept that is on everyone's radar to some extent. We've all heard of risk management, and it plays a very...

Robert Bell

Jul 4, 2017

Guidance on the Treatment of Politically Exposed Persons (PEPs)

Our Compliance Briefing this month covers, among other things, the Financial Conduct Authority's (FCA) guidance consultation on how...

Victoria Bell

Jun 13, 2017

GDPR - 10 Steps to Compliance

We are all hearing a lot about the General Data Protection Regulation (GDPR) at the moment, and rightly so. The changes we need to make...

Robert Bell

May 24, 2017

With change comes risk...

Agility and, therefore, change is beneficial to all organisations; being able to change products, services and internal processes allows...

Robert Bell

Mar 30, 2017

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