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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Articles

Why firms need to stay in shape for SM&CR

The end of 2019 was marked for many consumer credit firms by a sprint to the line on 9th Dec. This was when the first stage of the SM&CR implementation was required. With only a short period of recovery firms are starting to think about getting in shape for the second stage at the end …

February 24, 2020 at 3:39 pm

Ready, Set … Go

The consumer credit sector is now under starters orders for SM&CR. In less than one month the first stage of the new Senior Managers & Certification Regime will start. Firms should now be set and ready to go. Here is just a brief reminder of what happens and how firms need to be ready on …

November 12, 2019 at 11:37 am

Motor Finance: changes to rules on commission

We have now reviewed FCA Consultation Paper CP19/28 “Motor finance discretionary commission models and consumer credit commission disclosure”. This proposes a number of changes to CONC rules, some of which apply just to the motor finance sector and others of which apply to all sectors. Equally some of the rules changes only apply to regulated …

October 16, 2019 at 8:51 am

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