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OUR RESOURCES.

An average compliance officer can spend up-to 4 hours a week on updating policies, procedures and registers, not including the drafting of new ones!

 

Let us help you with reliable, flexible and cost-effective resources, saving your considerable time and money.

Our team of consultants have developed a tested and extensive suite of resources, including FCA compliant policies, trainings and registers. Our resources go beyond mere templates and e-training. As we understand that the same approach will not suit everyone, all our resources include consultation time by default.

Whether you are looking for a tested policy template, a flexible register or practical e-learning, you can rest assured that our expert consultants are here to help you to implement them, maximising its value to you and your firm!

Working hard? Work Smart!

Contact us for further resources to save time and be a step ahead of competition

 

RISK MANAGEMENT FRAMEWORK.

It is an FCA requirement that every firm is aware of the risks it is exposed to.  As a result, every aspect of a firm’s business demands risk analysis, ranging from internal failure of personnel and systems to counter-party failure to systemic market failures. With the recent FCA rule changes, these assessments should always include the firm’s financial and operational resilience.

Under the Senior Managers and Certification Regime (SM&CR), a designated senior manager has the responsibility for the identification and management of risk.

Whilst not every risk can be avoided, all business decisions need to be supported by a risk analysis. This makes the risk management framework a vital building block of conduct and culture of any regulated firm.

  • Our Templates have been drafted by our industry experts to provide a template resource fully compliant with FCA regulatory expectations (including Financial and Operational Resilience Assessment).

  • RRCA's Risk Management Trainings are tailored to ensure that your framework passes the "use test" (eg the policy is used by individuals during the normal course of business). The sessions offer practical training and are delivered by industry experienced consultants, providing you with an understanding of the rules as well as practical expectations of the FCA.

  • Our Risk Management Review Bundle delivers that absolute certainty. This service includes the review of your risk management framework and if required, we will provide help to address weaknesses.

Where responsibility is personal...

We are here to support your compliance with SM&CR, creating positive culture!

 

SENIOR MANAGERS & CERTIFICATIONS (SM&CR).

The Senior Managers and Certification Regime was created to ensure accountability at all levels within a regulated firm, along with promoting positive culture for the benefit of customers (and the industry alike). Crucially, SM&CR embeds personal responsibility into the functions held by Board Members (Senior Management Functions).

Whether you are an insurer, lender, broker or car-dealer, SM&CR applies to you! Our expert consultants are here to support your compliance via:

  • Conduct Rule Training, including Tier 1 and Tier 2, covers all employees. Our FCA compliant trainings, ensure that participants have a full understanding of the practical implications. The tutor-led sessions include practical examples and Q&A.

  • Statement of Responsibility (SoR) Template will help you to ensure that all senior managers are fully compliant with SM&CR and have clearly documented their responsibilities.

  • SM&CR Bundle provides you with absolute certainty through our detailed review and post-review support services.

Protect your valuable assets

Ensure your Integrity & Reputation is protected against damage caused by conflict of interest

 

CONFLICT OF INTEREST.

The FCA has a series of overarching principles that set out at a high level how firms are expected to operate.  Under the FCA’s Principle for Business, Principle 8 (Conflicts of Interest), Firms are required to pay due regard to the interests of each client and to manage any conflicts of interest fairly, both between itself and its clients and between a client and another client. The specific rules for dealing with conflicts of interest can be found under the Senior Management Systems and Controls (SYSC) section of the FCA rules. 

To help firms meet regulatory compliance requirements, and to ensure that the positive culture is built on transparent and effective conflict management arrangements, we have created a number of resources, including:

  • Conflict of Interest Policy Template has been drafted to be suitable for firms who handle both regulated and non-regulated processes, as well as consideration of potentially vulnerable customers. The process element of the policy provides a typical arrangement for firms to consider.

  • Conflict of Interest Register Template provides a comprehensive record keeping tool and central database for conflicts. The register will serve as a vital reporting and oversight tool for the senior management team to ensure efficiency of arrangements.

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RR Compliance Associates are a trading style of R&R Compliance Consultants Ltd, a limited company registered in England and Wales (company number 12070286). Our registered office is 9 Guithavon Street, Witham, Essex, CM8 1BJ. VAT number 326 1938 96.​