BE CONFIDENT IN SUCCESS.
Helping you navigate through the complexities of financial services regulations; from setting up, verifying and supporting compliance functions to liaising with regulators.
The best way to grow is different for every business. That is why we don't believe in standard methods of solutions.
Together with our clients, we immerse, scrutinise and test the various processes to get to know goals and challenges.
Using proven methodologies and in-depth knowledge, we help you to understand and manage regulatory risks, including regulatory expectations surrounding the culture and conduct of firms and SMFs, corporate governance, systems and controls.
Building on our extensive experience and close relationship with you, we deliver sound insights that help you to successfully challenge conventional thinking and introduce commercial strategies with intuitive controls, specifically tailored to your business; helping you to better anticipate change and operate with improved agility.
This is why we are a favoured partner to firms who are looking to take innovative ideas to market. Working with start-up entrepreneurs, regardless of the nature or complexity of the compliance or regulatory challenges, we will provide you with the required level of support, training and guidance.
The financial services industry continues to experience waves of significant and ever evolving regulatory change, often involving intangible elements; whether it is in relation to cultural expectations, managing and monitoring risk or indeed, the newly evolving Crypto regulations or Green Finance initiatives.
All of these areas can be difficult for firms to digest. Whether it's the upcoming regulation, designing and implementing controls or managing the changing landscape, all whilst providing assurance to senior management and regulators that the controls are robust and effective, we can help.
To manage such vast exposure, our expert consultants are here to assist with:
In case of regulatory failures (breaches), firms must take immediate steps to remedy the breach, prevent its reoccurrence and where required, calculate potential client damage.
Your expert consultant can provide an impartial, practical assessment of your situation and assist you in devising the most suitable restorative measures, minimising impact on the wider operation. Where the ICO or FCA are concerned, time is of the essence...
Compliance Support Services.
RRCA's expert consultants are available on an ad-hoc basis to support you with specific projects, questions or even product development.
Whether you are an FCA authorised firm with a specific project or a non-regulated firm seeking to enter or develop a service for the industry, our experts are available to support you.
Audits and Health Checks.
RRCA's extensive experience in delivering regulatory audits and health check extends to:
Coverholder Audits (binder audit)
Regulatory Health Checks (focused and general)
Third Party & Appointed Representative Audits
Our audits include a documented report including detailed risk indication and recommendations for any remedial action.
Appointed Representative Management.
Our Appointed Representative Management Service includes on-boarding due diligence, ongoing FCA compliance supervision and performance reviews.
Our consultants provide a regular compliance and risk management report, encompassing the Appointed Representatives and any other Third Party Administrators (TPAs).
Data Protection (GDPR).
Whether you need a GDPR gap analysis, GDPR training, a Data Protection Impact Assessment or general support we are here to provide an effective and practical solution.
Our consultants are fully versed in the implications of GDPR and indeed, the Data Protection Act 2018 and ready to answer any query you may have.
Applicant firms must ensure (and evidence to the FCA) that they are 'ready', willing' and 'organised'. In particular, the FCA expect firms to take regulation seriously and plan how they will meet the standards of the regulatory system before they apply. Without this, the FCA would consider the application incomplete.
Let our expert consultants help you to submit a complete application, ensuring the quickest consideration possible.
With the adoption of the Fifth Money Laundering Directive (5MLD) into UK law, Cryptoasset firms are now required to be compliant with the MLRs and register with the FCA. Any new firm has to register before conducting business, whereas firms trading before 10 January 2020 had until 10 January 2021 to register, or stop cryptoasset activities.
Our expert consultants are here to establish your exposure to the registration requirements and if needed so, help you through this.