FSA authorisation work and compliance procedures manual
Paperwork – electronic or otherwise – can be a drain on firm’s resources. Authorisation and compliance are necessary to remain fully functional in these changing markets.
Why drain valuable resources that could be servicing clients and earning income when we have the necessary skills to draw up all your compliance documents?
Compliance Manual:
A Compliance Manual is the cornerstone of any firms’ documentary procedures in relation to their obligations both to their clients and the regulator. It is important that this document is up to date as the FSA would require sight of this, as well as other documentation during an inspection visit.
In order to fulfill this obligation TCC will produce a simple bespoke compliance plan and compliance manual covering the business that your firm undertakes. A Compliance Manual will usually consist of most if not all of the following chapter headings:
FSA – High Level Standards
Principles for Business
Senior Management Responsibilities
Whistleblowing
Approved Persons
Authorisation
Financial Promotions
Record Keeping Requirements
Advertising Procedures
Financial Requirements Procedures
FSA Breach Procedures
Inducement Procedures
FSA Notifications Procedures
Reporting Procedures
Personal Account Dealing Procedures
Treating Customers Fairly
For further information on our compliance manuals service, including AML manuals, please call 020 7645 8808 or email info@theconsultingconsortium.com
For information regard the authorisation process please click here