Module of the Quarter
Introducing Register Builder / Spotlight on: Register Builder Customise and build your own registers in line with your firm’s requirements. The register builder module will allow you to build as many registers as required bringing your excel sheets into one system. Fully customisable in that you can control: This module is being used to help […]
System Updates
We were very excited to release an update to our application, which introduced a new module ‘Register Builder’ as well as improving admin functionality: Since the last newsletter we have also made changes to the following modules: PA Dealing Register We have updated the PAD reports to include broker account and holding reports, managers can […]
How to automate your Senior Managers and Certification Regime
In the highly regulated landscape of the UK financial services industry, the Senior Managers and Certification Regime (SM&CR) stands as a pivotal framework. Implemented by the Financial Conduct Authority (FCA), SM&CR is designed to foster accountability and enhance transparency within financial firms. One of the critical aspects of SM&CR is the need for firms to […]
How to configure your internal policy Attestations programmes
In the dynamic landscape of the UK financial services sector, regulated by the Financial Conduct Authority (FCA), the importance of rigorous internal policy attestations cannot be overstated. These attestations serve as a vital checkpoint, ensuring that employees not only comply with internal policies but also adhere to the broader regulatory frameworks set by the FCA. […]
Rethinking SM&CR Compliance: Can Excel Measure Up?
In the UK financial services sector, compliance with the Senior Managers and Certification Regime (SM&CR) is non-negotiable. Instituted by the Financial Conduct Authority (FCA), the SM&CR aims to enhance the integrity of financial services by increasing the accountability of senior managers and boosting the standards of conduct at all levels. The question many firms face […]
Evaluating the Need for File Checks and Reviews in Financial Services Firms
In the realm of financial services, where regulatory compliance and quality of advice are paramount, firms often grapple with the decision of whether to implement file checks and reviews. These processes are not just about adhering to regulations set forth by the Financial Conduct Authority (FCA) in the UK; they are also crucial for maintaining […]
How to Streamline Your File Review Process
In the UK financial services sector, adhering to the Financial Conduct Authority’s (FCA) regulations is paramount, particularly regarding the sale of financial products and the provision of advice. Given the risks associated with incorrect recommendations, regulated firms often conduct file reviews post-transaction to assess the quality of advice offered. Streamlining this file review process is […]
How to Manage Financial Promotions Effortlessly: Traditional Methods vs. Technology-Enhanced Approaches
In the UK, financial services firms are subject to stringent regulations governed by the Financial Conduct Authority (FCA), particularly concerning financial promotions, which refer to the marketing of financial products or services. Ensuring compliance with these regulations can be challenging. This article explores traditional manual approaches and contrasts them with modern technology-driven solutions to manage […]
How to stay on top of FCA Regulatory Change Management
In today’s ever-changing regulatory landscape, it is crucial for businesses to stay on top of FCA regulatory change management. The Financial Conduct Authority (FCA) continuously introduces new regulations and updates existing ones to ensure it meets its statutory objectives. Failing to comply with these regulations can result in severe penalties and reputational damage. Therefore, understanding […]
How to Create, Track and Manage Your Compliance Monitoring Programme
All compliance professionals working in the UK’s financial services industry understand how important it is to achieve full FCA compliance. Maintaining compliance is good for your partners and customers, and protects the business itself from reputational and financial risk. It also helps the industry as a whole to avoid a ‘race to the bottom’ scenario. […]