MASTER REGULATORY COMPLIANCE WITH EXPERT-LED THEMATIC REVIEWS

The regulatory landscape is continually changing and firms need to be aware of the latest regulatory thinking and interpretation of FCA hot topics and associated rules and guidance. The FCA prioritises certain sectors and themes in its annual Business Plan based on a risk analysis of the market and what it believes to be key issues arising in the financial services industry. The FCA use thematic reviews to assess a current or emerging risk regarding an issue or product across a number of firms in a sector or market. It is also commonly referred to as ‘issues and products’ work or ‘cross-firm’ work. Keeping ahead on these high profile sector and cross sector initiatives is necessary for firms and their Boards.

When the FCA conducts a thematic review, it expects all firms in the sector, including those not directly involved in the review, to conduct their own assessments to identify potential issues and address any weaknesses. If your firm operates within a sector that is under FCA scrutiny, it is crucial to determine if you have any potential liabilities in the areas being investigated. The FCA may also instruct firms through general communication (not necessarily firm-specific) to self-assess and rectify any deficiencies found. Our services include:

• Expert Guidance and Insights: We maintain regular dialogue on the most pressing industry issues to ensure we are up to date with the latest FCA priorities and regulatory expectations. Our specialised team understands the nuances of thematic reviews and can help you navigate the complexities of these regulatory assessments.
• Tailored Support: We offer tailored support to help you address the findings of a thematic review. We can lead the project on your behalf, conducting a comprehensive review that focuses on the issues highlighted by the FCA. Our team will identify any weaknesses and provide actionable recommendations for process improvements.
• Independent Assurance: If you have conducted your own thematic review, we provide independent assurance to ensure that your assessment has been thorough and meets regulatory expectations. We’ll help you validate your findings and provide guidance on any further steps required.

Being proactive and prepared is key to maintaining compliance in an ever-changing regulatory landscape. Our thematic review services help you stay ahead of FCA expectations, protect your business from potential liabilities, and strengthen your regulatory framework.

Please fill our free consultation form and a member of our team will get in contact with you.