FCA Authorisation: Navigating the Path to Success
Applying for FCA Authorisation can be a daunting and complex undertaking with no guarantee of success; 1 in 5 firms which applied for authorisation during 2021 were refused, rejected, or […]
#breachdetected – Overview of Cyber Security Risk & Responsibility
Cybercriminals can and will exploit vulnerabilities in and of IT infrastructure for malicious intent. Consider the National Crime Agency (NCA)’s recent report that a 32-year-old man was convicted to over […]
CP22/2 – FCA to Strengthen Financial Promotions Rules to Protect Consumers
The pandemic and the changing investment environment have exacerbated the proportion of consumers holding high-risk investments due to long-term social and economic factors and the distribution of promotions to a […]
Financial Services Companies Warned To Ensure Rules Followed on Data Protection Day
London – Financial Services firms are being warned by compliance and regulations consultancy Complyport on International Data Protection Day that they must ensure they gain explicit client consent for data […]
Meeting the FCA’s New Operational Resilience Requirements – Webinar Recording
The release of the FCA’s Operational Resilience Policy (PS21/3) outlines new rules coming into force on 31 March 2022. Firms that fall within scope must have identified their important business […]
Update Systems and Processes or Risk Failure to Meet Operational Resilience Deadline
A premium service led by Cybersecurity, Risk, and Organisational Resilience experts helps firms prepare for new expectations from UK financial regulators. LONDON –With a new policy from the Financial […]
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 […]
Warning Notice Statements For GAM International Management and Timothy Haywood
In 2018 the FCA launched an investigation into Swiss asset management firm – GAM International Management Limited (GIML). The investigation was prompted by allegations concerning Timothy Haywood, former head of […]
Complyport’s Response to NatWest Money Laundering Fine
Failure to spot offences at multiple levels of the organisation necessitates “culture of compliance from the top down” and review of training & procedures. On Monday 13 December, NatWest plead […]
FCA Plans For Stronger Nudge Towards Pension Guidance Via Pension Wise
In December 2021, the FCA published its Policy Statement: ‘PS21/21: The stronger nudge to pensions guidance: feedback on CP21/11 and final rules and guidance’. This statement summarises the feedback received […]