Systems and Controls - Complyport UK Consultancy Service

Client categorisation

Following an approach from the European Commission, CESR is consulting on aspects relating to client categorisation as currently set out in MiFID (which in turn is reflected in COBS 3, […] [...]

CASS

The FSA has proposed changes to CASS 6 & 7, ‘Custody Rules’ and ‘Client Money Rules’ respectively. The FSA believe that the only types of firm that these changes will […] [...]

BIPRU 12 – Liquidity Standards

As you will know, BIPRU 12.1 – 12.4 (and 12.8 where relevant) applies to all BIPRU firms, whilst the remaining BIPRU 12 chapters only apply to ILAS BIPRU firms (limited […] [...]

The European Council’s Committee of Permanent Representatives (‘COREPER’) has agreed amending text of the Capital Requirements Directive (‘CRD’) III which will affect remuneration and bonuses – possibly from January 2011. […] [...]

Stress Testing

Although Christmas seems a long way off, relevant BIPRU firms may wish to ensure that they are on track to meet the reverse stress testing requirements that come into force […] [...]

Quarterly Consultation (CP10/10)

The FSA has released a 122 page bumper edition of the latest Quarterly Consultation (CP10/10). Proposed changes in SUP include a rewording to SUP 10 Annex1 (FAQs) so removing the […] [...]

Mobile Phone Recording

As you will know, the obligation to record telephone conversations and electronic communications (as set out in COBS 11.8) does not currently extend to “telephone conversations and electronic communications (except […] [...]

ICAAP Submissions

The FSA has issued a paper setting out its observations on ICAAP submissions that have been submitted by Limited Licence firms. Areas commented on include: Lack of clarity in terms […] [...]

Client Money and Assets

The FSA has issued a fairly scathing report on the handling of client money and assets by firms. Regulatory action has been taken against a number of firms including s166 […] [...]

Bonus

In the current uncertainty with the new bank bonus tax it would seem that the rules will be rewritten. Asset management firms, advisers and family offices will not be hit […] [...]

Remuneration Feedback Statement

As you will know the Remuneration Code, which is set out in SYSC 19, applies from 1 January to large banks, building societies and BIPRU 730K firms. In the original […] [...]

Stressed

And third, and finally, we have PS09/20 “Stress and Scenario Testing Feedback on CP08/24 and final rules”. This CP is actually linked to CP03/30 (‘Buffers’),as both emanate from CP08/24 (“Stress […] [...]

Buffers

And following hard on the heels of CP09/29 we have CP09/30 – “Capital Planning Buffers” – which is mercifully 300 pages or so shorter. A ‘capital planning buffer’ relates to […] [...]

Give me strength

It has been a few weeks now since we last had a paper on prudential matters from the FSA so it was good to see that three new papers have […] [...]

A Reminder

A previous Regulatory Roundup included an article on the new liquidity rules affecting BIPRU firms (BIPRU 12). A reminder that although there are some transitional provisions, the majority of the […] [...]

New Liquidity rules come into force on 1 December 2009 – Are you ready?

If your firm is a BIPRU firm then the following should assist in complying with the new liquidity rules coming into force this December. If your firm is not a […] [...]

Liquidity Standards

This week the FSA published PS09/16 (‘Strengthening liquidity standards’) which, for the immediate future, should be the final word on liquidity following three Consultation Papers. The liquidity requirements are contained […] [...]

Category: Systems and Controls

Client categorisation

CASS

BIPRU 12 – Liquidity Standards

Remuneration

Stress Testing

Quarterly Consultation (CP10/10)

Mobile Phone Recording

ICAAP Submissions

Client Money and Assets

Bonus

Remuneration Feedback Statement

Stressed

Buffers

Give me strength

A Reminder

New Liquidity rules come into force on 1 December 2009 – Are you ready?

Liquidity Standards

INSIGHTS & EXPERTISE

NEWS & EVENTS

Webinar: Cutting Compliance Costs – The Case for Strategic Outsourcing

Women in Compliance: Navigating Challenges & Embracing Opportunities

Webinar: The FCA’s Greenwashing Regulations are Now in Effect – What Does this Mean?

Online Training Course: Your MLRO Training Day

In-Person Training Course: Your MLRO Training Day

Webinar: Is Your AML Compliance Robust Enough?

Subscribe for Exclusive Regulatory News and Updates

Member of:

Accredited by:

Global Offices

Complyport (UK)

Complyport (UAE)

Complyport (EU)