Outsourced Compliance Functions
Many businesses do not have a dedicated compliance function, instead compliance becomes an additional responsibility for a member of management. Keeping up with the ever-changing regulations and doing what’s needed to be compliant can be a difficult, particularly when balancing the other responsibilities of running a business.
For firms like this, CCAS have a solution. You can outsource all or part of your compliance function to us. Either those bits that are more technical, where you need an expert to explain what’s needed, or for more time-consuming jobs such as training and monitoring.
Your business will be overseen by one of our experienced compliance specialists. They will be dedicated to you, getting to know your business inside out and developing a close trusting relationship with you. Our experts know how to translate complex regulations into day-to-day actions that can be easily followed, ensuring you of the highest standards and good outcomes for your customers.
CCAS outsourced compliance solutions are completely bespoke, developed to meet the requirements of your business. Typically, this would include the following services:
- Access to subject matter experts for technical expertise and support
- FCA liaison (when needed)
- Assistance with Gabriel returns
- Creating and maintaining policies
- Developing and implementing processes
- Monthly, quarterly or annual audits
- Website reviews
- Training – complaints, sales process, approved persons, new entrants
To find out how we can help you with your Compliance Function, get in touch with us today by clicking the button below.
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FCA Guidance on Vulnerable Customers
FCA has now issued GC19/03; draft guidance consultation on vulnerable customers. GC19/03 will be subject to a two-stage consultation process the first of which finishes on 4th October. The draft guidance is relevant to all regulated firms dealing with retail customers. Retail customers are those who are acting outside of their trade, business or profession. …
August 2, 2019 at 10:38 am
Can Gabriel be made better?
On 16/07/2019 the FCA published the news that they’re planning to replace Gabriel. Gabriel is the regulators main data collection system. It facilitates the collection of over 500,000 submissions annually, across 120,000 users and 52,000 firms. Many users will welcome the news. Since it’s introduction in 2008 the system has been plagued with a series of …
July 17, 2019 at 3:02 pm
Why engagement matters for compliance training
Mention “compliance training” to anyone in business and you’ll probably get a roll of the eyes and a deep sigh. And if there’s any suggestion of having to undertake the said training there may even be a feeling of unease. Compliance training has a pretty bad reputation. Traditionally compliance training has been poorly delivered. So …
July 9, 2019 at 3:03 pm
FCA to hold webinar to help firms implement new regime
The Financial Conduct Authority recently issued a reminder to firms about the Senior Managers and Certification Regime (SM&CR). In this reminder the regulator has recommended that firms should now be preparing for 9th December 2019, when the new regime comes into effect. In support of firms’ planning for SM&CR the FCA are holding a webinar …
May 24, 2019 at 9:16 am