Managing Regulatory Reviews & Audits for FCA Regulated Firms

Introduction

Having peace of mind that your firm is prepared for an FCA or external compliance review or audit is priceless.

This new virtual seminar will cover everything firms should be aware of when managing regulatory reviews and audits; it will be of great benefit to compliance managers and supervisors of FCA regulated firms.

This session will explore the FCA’s objectives and requirements, as well as your firm’s obligations and how to be best prepared - also taking into account some FOS data.

Focusing on potential reviews and audits will help you hone in on your firm’s processes, as well as, ultimately, help to create better outcomes for your customers.

Consumer Duty is focusing the industry further into evidencing that regulated firms are doing all they can to act in the clients’ best interest - illustrating thoughtful systems and controls is a key tool in this process.

What You Will Learn

This live and interactive course will cover the following:

• An understanding of what to expect during a regulatory review or audit
• The FCA’s priorities and FOS decisions relating to Reviews and Audits
• The importance of evidencing your firm’s systems and processes under the FCA Principle 11
• The importance of acting openly and cooperatively with auditors
• Confidence that your firm will be ready for any regulatory review or audit

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.