Managing the Risk to Your Firm & Dealing with the Regulatory Changes in Operational Resilience

The release of the FCA’s Operational Resilience Policy (PS 21/3) outlines new rules coming into force on 31 March 2022. Firms that fall within scope must have identified their important business services, set impact tolerances for the maximum tolerable disruption, and conducted adequate mapping and testing. Operational Resilience Framework The [...]

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Press Release – Mortgage brokers and financial advisers must ensure they comply with FCA requirements despite working from home

Complyport a leading compliance and regulatory consultancy has warned mortgage  brokers and financial advisers, they should ensure, despite the fact that most are working from home or remotely, that practitioners are compliant with current regulations put in place by the FCA during the COVID-19 crisis.   These changes include the FCA accepting [...]

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Coronavirus (COVID-19) Update: FCA Statement – SM&CR And COVID-19 – Expectations On FCA Solo-Regulated Firms

The FCA issued a statement on 3rd April 2020 setting out its expectations to help FCA solo-regulated firms apply the SM&CR. Separate requirements apply to dual regulated firms. The FCA statement for solo-regulated firms can be viewed at the following link: https://www.fca.org.uk/news/statements/smcr-coronavirus-our-expectations-solo-regulated-firms Statements of Responsibilities and ‘significant changes’ to Senior [...]

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The Coronavirus (COVID-19) Pandemic: A Summary of FCA Guidance & Regulatory Developments in the EU’s Investment Services and Capital Markets Sectors

The FCA has issued the following guidance to the financial services industry regarding the response that FCA expects firms to take in response to the Coronavirus (COVID-19) pandemic. The FCA has four primary concerns: Protection of consumers; Protection of industry employees/staff; Protection of markets; Resilience of firms.   The FCA [...]

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