Frequently Asked Questions.
We are here to help every step of the way. Below we have compiled some of the most frequently asked questions about FCA compliance.
What is FCA compliance and why is it important in the UK?
FCA compliance is the day-to-day way you run your firm so you meet FCA rules and deliver fair outcomes for customers. It matters because gaps can lead to complaints, remediation, reputational damage, and FCA scrutiny. In the worst cases, it can limit or stop your ability to trade.
Where to get licensing assistance in the UK?
In the UK, licensing usually means FCA authorisation or FCA registration. Start by confirming which route applies to your business and what permissions you really need. Our consultants are available to have an introductory call during which we cana provide a brief overview of the possible requirements. Naturally, we can support further requirements, such as documented assessment, preparation of business plans. You can read more about our services here.
Where can I find FCA compliance consultants in London?
Most consultants can offer both remote and on-site support, very much as ourselves. Our offices and consultants can be found at multiple locations, from London, Amsterdam Brussels, to the North of England. Naturally, you may wish to compare consultants which the Association of Professional Compliance Consultants (APCC) is perfect starting point with. You can visit their webpage here.
Where can I book a compliance workshop in London?
Our expert consultants and associates are available to deliver tailored workshop for you staff members or executive teams. Whether you are looking for an in-person or remote solution, we are at your disposal. In addition, several trading bodies, professional memberships and other networking events provide solutions. If you are interested in any topic, please get in touch. We are happy to direct you to the relevant event if we cannot help you.
Best regulatory consulting firms in the UK?
The best regulatory consulting firm in the UK really depends on what you need. Some firms want help with FCA authorisation. Others need ongoing compliance support, an audit, or a quick remediation project. The right fit also comes down to personality and how a team works day to day. Some clients prefer a large, process-heavy provider. Others want a smaller team that’s hands-on and easy to reach.
At RR Compliance Associates, we’ve supported firms across a wide range of projects and sectors. But what we’re most proud of is how often the relationship lasts well beyond the first piece of work. That usually happens for one reason. We adapt to how our clients operate. We take time to understand what’s really going on in the business. Then we build compliance solutions that people can actually use, not just documents that look good on paper.
If you’re comparing options, it helps to ask a few simple questions: will they tailor the approach to your business model, will they be practical, and will they still be there once the urgent work is done.
Best regulatory consulting firms in the UK?
The best regulatory consulting firm in the UK really depends on what you need. Some firms want help with FCA authorisation. Others need ongoing compliance support, an audit, or a quick remediation project. The right fit also comes down to personality and how a team works day to day. Some clients prefer a large, process-heavy provider. Others want a smaller team that’s hands-on and easy to reach.
At RR Compliance Associates, we’ve supported firms across a wide range of projects and sectors. But what we’re most proud of is how often the relationship lasts well beyond the first piece of work. That usually happens for one reason. We adapt to how our clients operate. We take time to understand what’s really going on in the business. Then we build compliance solutions that people can actually use, not just documents that look good on paper.
If you’re comparing options, it helps to ask a few simple questions: will they tailor the approach to your business model, will they be practical, and will they still be there once the urgent work is done.
How do regulatory audits help financial firms?
Audits show you where your framework and your day-to-day reality do not match. They help you reduce FCA risk by giving clear findings, prioritised actions, and better MI. That makes it easier for the board to evidence control and customer outcomes.
It is always cruical to scope out the audit objective. Remember that an audit result can be requested by various trading partners, such as banking provider, FCA, professional indemnity carriers and so on.
Where can I get practical compliance solutions in UK or EEA?
You can get practical compliance solutions in the UK or EEA from specialist compliance consultancies, outsourced compliance providers, and RegTech platforms. The right option depends on what you need, and how you want to run compliance day to day.
At RR Compliance Associates, we focus on keeping things practical. We help firms turn regulatory requirements into clear controls, simple processes, and evidence that stands up to scrutiny. We support monitoring programmes, board MI, audits and remediation, financial crime controls, and training. We also offer RegZone.io, which helps you manage compliance in a automated, yet fully audit ready way.
Who provides regulatory cover services in the UK and EU?
In the UK, regulatory cover often means operating as an Appointed Representative under a principal. In the EU, the right route depends on the country and the activity and may require local authorisation or an authorised partner. Due diligence matters because these structures come with oversight, restrictions, and contract risk.
In either cases, you will need to find an already authorised firm who has the correct permissions from the regulator.
How can RR Compliance Associates support FCA compliance in the UK and cross-border operations?
RR Compliance Associates supports firms with FCA compliance in a way that works day to day. The starting point is always the same: understanding the firm’s business model, customer journey, risk profile, and what “good” looks like for that specific operation. From there, the focus is on building controls that are proportionate, workable, and easy to evidence.
Support can be delivered in different ways, from temporary in-house compliance expertise when extra capacity or senior cover is required or project work (such as fixing issues raised by audits, supporting regulatory change, or preparing for regulator and partner scrutiny). Ongoing support is also available, including monitoring programmes, MI and board reporting, training, and practical advisory.
Financial crime and AML are a core part of the offering. This includes AML risk assessments, policy and control design, KYC and onboarding reviews, sanctions and PEP controls, governance, and testing. The aim is to reduce risk without creating unnecessary process.
To enable a comprehensive support, RR Compliance Associates also offers RegZone.io. This RegTech solution helps firms manage obligations, actions, evidence, and monitoring in a single place, making oversight clearer and reducing the risk of missed tasks.
RR Compliance Associates also supports cross-border growth and operations. This includes expansion planning, operating model design, risk segregation between entities, governance and reporting lines, third-party oversight, and clarity on responsibilities across jurisdictions.
How to simplify regulatory challenges for financial services?
A typical, out of context response is to start with the customer journey and focus on the points where harm can happen. Build a small set of controls you can run consistently, and use MI to show they work. Automate the repetitive work where it saves time and reduces errors.
What services does RR Compliance Associates offer?
RR Compliance Associates provides compliance consulting in the UK and EEA across core areas. That includes compliance support, audits and health checks, FCA authorisation, record keeping and remediation support, specialist work such as cryptoassets, and practical training and workshops. The focus is on solutions that reduce day-to-day burden.
FAQ - About RRCA.
Choosing the right compliance consultant is not only about costs. The right partner can foster and support your growth with their own experience in the field, contacts and most of all, the right level and style of compliance framework.
At RRCA, we're here to help. Let us guide you through the intricacies of regulatory requirements, ensuring your business thrives while remaining fully compliant. Below, you'll find answers to common questions and insights into how we can support your compliance journey.