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

FCA Delays the Second Stage of the Implementation of parts of the Senior Managers Regime

On 30th June FCA announced a consultation on proposals to defer the deadline for implementing certain aspects of the second stage of the Senior Managers and Certification regime for solo regulated firms including consumer credit firms. FCA proposes to defer the deadline from 9th December 2020 to 31st March 2021 for: The extension of the …

October 5, 2020 at 11:40 am

FCA Issues draft new guidance regarding the fair treatment of vulnerable customers.

FCA has issued draft guidance on the fair treatment of vulnerable customers for consultation. The consultation period ends on 30th September. This guidance applies to all retail sectors and will be of particular relevance to consumer credit lenders. FCA expects firms to ensure that their employees have the relevant knowledge and skills to treat vulnerable …

October 5, 2020 at 8:26 am

New FCA Guidance on Forbearance during COVID-19

FCA has issued new guidance for lenders on how to treat customers adversely affected by coronavirus. Existing guidance is due to come to an end on 31st October so this new guidance will apply after that date. The guidance relates to customers who: have been granted 2 payment deferrals under the July guidance and remain …

October 5, 2020 at 8:14 am

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