FSA Reporting
Whereas much attentention is paid to ensuring that management have ready access to financial snapshots of the business’ performance all too often, compliance information must be gathered each time it is required. Designing a simple and appropriate method of making compliance information available to management makes FSA reporting painless and allows a more effective understanding of the firm’s risks and warning signals.
Relationship Management
There are many people involved in the compliance of an FSA-authorised firm, including the Board, the compliance staff, the client-facing staff, external advisors, laywers, and the FSA themselves (the firm contact centre, the change in control team, the approval application team…). Each of these has a role to play and the relationships must be managed by somebody who has an understanding of the wider compliance goals and can do so without disruption to the smooth running of the firm.
If you would like to discuss the management of compliance relationships, whether internal or external to the firm, please call or e-mail us.
