Compliance Insights Articles

FCA's Recent Discussion Paper on a Potential 'Duty of Care'

In July of this year, the Financial Conduct Authority (FCA) published a Discussion Paper on a potential ‘Duty of Care’, which some of the...

Robert Bell

Nov 20, 2018

Solo-Regulated Firms and The Senior Managers & Certification Regime

The Senior Managers & Certification Regime (SM&CR) is due for implementation in solo-regulated firms on 9 December 2019. With 2019 just...

Victoria Bell

Nov 7, 2018

Insurance Firms and The Duty of Responsibility Under SM&CR

With the commencement date looming, insurance firms should be well within the final stretch of their preparation for the new Senior...

Victoria Bell

Oct 25, 2018

How Claims Management Companies Need to Apply for FCA Authorisation & Implications of SM&CR

The regulation of Claims Management Companies (CMCs) within England, Scotland and Wales is due to change in 2019, with the Financial...

Robert Bell

Oct 9, 2018

What Insurance Firms Need to Know About the Incoming SM&CR

Insurance firms are gearing up for the implementation of the Senior Managers and Certification Regime on 10 December this year. The SM&CR...

Robert Bell

Sep 26, 2018

Claims Management Companies and Upcoming FCA Regulation

Following the Brady Review, commissioned in 2015 to examine the nature of issues in the claims management market, the government has...

Victoria Bell

Sep 5, 2018

Preparing for the Senior Managers and Certification Regime

The FCA have now published the ‘near-final’ draft rules for the Senior Managers and Certification Regime (SM&CR), which currently only...

Victoria Bell

Aug 1, 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

The FCA's Approach to Authorisation - A New Consultation

The FCA has recently published a new consultation on their approach to authorisation seeking to ensure that their overall approach to...

Victoria Bell

Feb 7, 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

Is your firm exempt from FCA authorisation under the Financial Services and Markets Act 2000 (Miscel

While most firms need either limited or full permission in order to be able to carry out regulated consumer credit activities, there are...

Victoria Bell

Jan 3, 2018

Transitioning FCA firms and individuals to the Senior Managers & Certification Regime: Important

The Financial Conduct Authority (FCA) have published a package of proposals outlining their proposed transitional arrangements for...

Victoria Bell

Dec 19, 2017

Christmas bonus? Don’t fall foul of the remuneration changes

Incentivising staff through bonuses and other remuneration schemes is a common practice for many firms in the sector who want to...

Victoria Bell

Dec 12, 2017

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

Limited or Full Permission - What you need to know to apply for FCA authorisation

Taking the first steps towards authorisation with the FCA can seem daunting; the latest in our series on FCA compliance is aimed at...

Robert Bell

Nov 23, 2017

FCA's Proposed New 'Creditworthiness' Rules: What You Need To Know

With Q4 well under way, it’s a good idea to have any upcoming FCA policy statements at the forefront of your planning for 2018. Consumer...

Victoria Bell

Nov 21, 2017

What you need to know: the new fit & proper requirements in SM&CR

The FCA’s proposed extension to the Senior Managers and Certification Regime aims to bring all FCA regulated firms under a single regime,...

Victoria Bell

Nov 14, 2017

What's on the Regulatory Horizon?

Your horizon scanning has never been as important as it is right now, a time when we have significant and numerous regulatory changes...

Robert Bell

Nov 7, 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

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