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STAY IN THE KNOW.

Did you know that an average compliance officer spends over 15% of their time reading through regulatory updates?

 

Whether you are looking for FCA consultation paper, FCA or ICO regulatory updates, industry changes or reminders about key events, we have the solution for you. 

As all our updates are drafted by experienced consultants, we are best placed to answer any queries you may have regarding the changes.

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Guiding principles of our regulatory updates...

REGULATORY UPDATES.

Our regulatory updates have been designed to bring you the latest FCA, ICO and other regulatory developments in a unique format.

Beyond the practical assessment of the changes, you can use the updates to document your assessment of the change, circulate it as an internal memo, evidence CPD requirements, request internal feedback from stakeholders and much more.

You can achieve all of this with our easy to read documents, sent to you for free as part of our newsletter.

Check out some samples below.

ICO Update

Handling test results of employees means firms handle special category data under DPA 2018 (GDPR). This update explores what firms should consider when handling special category data.

FCA Update

In this update we are looking at what the extension to the implementation of the Certification Regime really means for firms. Important to note, it is not a full extension of the remaining SM&CR implementation.

FCA Update

Due to COVID-19, the FCA requires firms to review product value. In this update we review what it means to insurance brokers (manufacturers & distributors). All firms must conduct this by December 2020 (FS20/7).

ICO Update

In this update, we remind firms about the importance of data protection, particularly during the lock-down. The enhanced cybercrime risk leaves firms vulnerable, more so than ever!

FCA Update

This update looks at what the FCA expect of all firms with respect to their risk management framework; focusing on financial resource adequacy. Content of this update impacts all regulated firms (FG20/1).

FCA Update

The FCA has published a range of guidance firms must consider in order to support customers in financial difficulties, caused by COVID-19. We recommend firms document their consideration in details.

 

Use our updates internally.

REGULATORY INSIGHTS.

The regulatory landscape for FCA, PRA and ICO regulated firms can be overwhelming and sometimes difficult to stay on top-of. From regulatory returns to financial crime regulation to ICO regulation, the applicable rules are vast and often challenging to implement.

In addition to our regulatory updates and newsletters, our consultants often publish white-papers to look at how key changes impact the sector. From practical assessment of the changes to industry best practices or a practical guide of new updates, we are here to provide guidance.

LGPD – Brazil’s General Data Protection Law

LGPD applies to any individual whose data has been collected or is being processed while inside the territory of Brazil. 

LGPD (Lei Geral de Proteção de Dados)

  • empowers data subjects with nine rights,

  • defines what constitutes personal data,

  • creates ten legal bases for lawful processing.

FCA: firms to conduct regular Financial Resilience Assessments

June 2020 the FCA has issued a finalised guidance outlining their expectations from all solo-regulated firms to conduct appropriate financial resilience assessment. 

 

In this short read, we review what the key elements are.

FCA guidance on supporting customers in financial difficulties

The FCA has issued a temporary guidance to firms, outlining their expectations of firms when it comes to supporting customers in financial difficulties, created by the current COVID-19 pandemic.

Senior Manager and Certification Regime (SM&CR): an overview

SM&CR comes into force for all FCA regulated firms (solo-regulated) on 9 December 2019. In this article, we introduce the key components.

FAQs: DBS requirements under SM&CR

In this article, we will review some of the question we frequently received from our clients in relation to criminal checks under the SM&CR regime (DBS checks).

FCA Rule Change: Mandatory Annual Update

In this short article, we introduce the Mandatory Annual Update, a new obligation on firms to attest to the accuracy of their firm details via the Connect system.

SM&CR: Conversion of Controlled Function & key impact

The FCA will replace the existing Approved Person regime with the enhanced Senior Managers and Certification Regime. We review how SM&CR will be implemented for Senior Managers and the key implications for NEDs.

 

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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.​