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Peruse our blogs for the latest, fresh perspective on navigating the maze of global regulations and upcoming milestones. This is your shortcut to staying ahead, packed with insights and expert tips from the forefront of GRC innovation.

FCA Establishes Regional Presence in the USA and APAC

FCA, innovation, competition, global standards

UK regulator establishes footing in USA and APAC The FCA has announced the appointment of two regulatory representatives establishing its presence in the USA and APAC regions. Why is this necessary? How will help the UK? Establishing two regional offices aim to...

Trust & Security: How Payment Services Firms can Better Protect Client Funds

client assets, client money, Consumer Duty, Compliance Monitoring

Time to read: 2-3 minutes Despite recent announcements that the Payment Services Regulator (PSR) will be disbanded, regulation is not going away. The FCA is taking on increased responsibilities and ensuring that there are consistent messages to firms on how to...

How good is your Product Governance Framework?

due diligence, MIFID II, Consumer Duty, Product Governance, data

Scrutinise your Product Governance Framework “Product oversight and governance refers to the systems and controls firms have in place to design, approve, market and manage products throughout the products' lifecycle to ensure they meet legal and regulatory...

Consumer Duty: Data to demonstrate compliance

compliance, Consumer Duty, data

Consumer Duty: Data to demonstrate compliance It’s now just over a year since Consumer Duty came into force for open products and 31st July 2024 saw the regime extended further to closed products. FCA took this opportunity to share feedback, and highlight areas where...

UK & Ireland: Regulatory Priorities for 2024/25

culture, corporate governance, risk management, regulatory strategy

Robust risk management and good governance are crucial elements for success! As we approach the second half of 2024 and look forward to 2025, where are the regulators focusing their attention? In Ireland, we see the Central Bank of Ireland (CBI) focusing on: Fighting...

Signing off financial promotions with finesse

accountability, oversight, FCA gateway, financial promotions, marketing compliance

The UK’s financial promotions regime saw some significant changes in the past year, including the introduction of a regulatory gateway for approvers of third-party financial promotions. The emphasis on financial promotions isn’t new. In recent years, we’ve seen the...

Navigating the AI Frontier: A Regulatory Journey

governance, third parties, accountability, corporate governance, risk management, regulatory strategy, monitoring

“Depending on who you speak to, AI could either lead to the destruction of civilisation, or the cure for cancer or both. It could either displace today’s jobs or enable an explosion in future productivity. The truth probably embraces both scenarios. At the FCA we are...

Is SM&CR working?

accountability, SM&CR, audit trail

The SM&CR review was announced as part of the Edinburgh reforms towards the end of 2022, with HM Treasury indicating that “ some stakeholders have raised concerns about their experiences of specific aspects of the regime .” Consequently, the government is assessing...

Complaints: Is your data telling you something?

consumerduty, culture, complaints

Complaints: The Hidden Signals Your Data Might Be Showing Time to read: 2-3 minutes The FCA’s thematic review on complaints handling took place almost 10 years ago, but its findings continue to be relevant and are echoed in the FCA’s Consumer Duty work. The regulator...

Why Managing Conflicts should still be on your agenda!

wealthmanagement, consumerduty, compliance, corporate governance, risk management, conflicts, monitoring, SM&CR

Conflicts of interest is a subject matter that should be relatively easy to understand and as such, straightforward when it comes to compliance. Why then do we hear of senior managers who have failed to declare a potential conflict or to recuse themselves from related...

Are you ready for the Consumer Duty?

governance, third parties, accountability, assessments, wealthmanagement, consumerduty, systems and controls, compliance, culture, corporate governance

Following the initial milestone of 31st October 2022, the FCA reviewed a sample of the implementation plans from some of the larger firms operating in the UK. These were firms deemed to be of higher risk as they operate in the retail market and could impact both...

CAR 2022: What should you focus on?

governance, accountability, corporate governance, risk management, funds, CAMP, audit, CASS, client assets

The Irish Client Asset Regulations (the CAR) were introduced to inspire public confidence and protect investors if an investment firm became insolvent. Revisions were made to the CAR in 2015 and today, we see Ireland preparing for further enhancements with the...

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