All firms can expect an FCA assessment at some point in the next three years. Allen Swaine of TCC Intermediary, part of The Consulting Consortium, asks if yours is ready...
Most C4 firms should by now be aware that the Financial Conduct Authority (FCA) is conducting Proactive Regulatory Reviews (PRR) as part of its supervisory strategy for small firms. This will be used to assess how firms identify and mitigate risks within their businesses. The regulator approaches this assessment in three phases: • Phase one: Business risk awareness workshop This valuable workshop will arm you with essential information and questions to ensure your business is adequately prepared for your review. • Phase two: Proactive Regulatory Review About three months after...
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