FCA Compliance Solution | FCA Compliance Software

Our flexible FCA compliance tool

Complying with the FCA Handbook can be challenging. Firms may struggle with:

Data collection - Manually collecting data can be time consuming. Collected data is often fragmented, resulting in incomplete or inappropriate information not being followed up.

Ongoing nature of compliance - While collecting data via forms is easy, many firms lack the measures to review and maintain that data.

Understanding best practice - FCA rules, such as those for SMCR, are complex and vary depending on the size and nature of your firm.

Our solution allows compliance staff to gather all data and supporting documents in one centralised system. Automation tools allow you to set reporting reminders and automatic flagging helps you spot problems as they arise. All of our forms, dashboards and workflows are fully customisable and our system is so easy to use, you can implement it without the need for an IT department.

SMCR

Conduct Rules Staff:

Review and acknowledge the FCA’s conduct rules.

Certified Persons:

Users review conduct rules and certification functions. Admins review submissions and issue certificates if the employee is ‘Fit and Proper’.

Senior Managers:

Review additional conduct rules and senior manager functions. Admins review submissions and collate information for FCA applications.

Declaration of External Interests

Completed annually, the form helps manage conflicts by asking staff to consider all of their paid and unpaid engagements outside the firm.

Conflicts Register

Completed whenever a staff member is granted access to a client file, ensuring they declare any actual or potential conflicts.

Incidents & Breaches

Record, monitor and report any significant incident, including those which lead to: complaints, legal claims, or breaches of FCA rules.

Insider List

Compile and maintain a list of people who have access to inside information, using the report function to provide the list to the FCA on request.

Notification of Major Shareholding

Determine whether shareholders must notify the issuing company after holdings reach, exceed or fall below certain thresholds.

PI Trawling

Ensure all employees comply with the standards required for a firm to maintain professional indemnity insurance.

SMCR