FSA backs new compliance standard

clock

The FSA has given its backing to BS 8453, the new compliance framework for regulated financial services firms.

The British Standards Institution (BSI) says the standard is the first of its kind and will help firms to manage regulatory risks and demonstrate to consumers they are improving governance and accountability procedures. It developed BS 8453 after detailed consultations and contributions from organisations such as the Association of Private Client Investment Managers and Stockbrokers, the Chartered Institute for Securities & Investment and compliance specialists Thomson Reuters GRC and PwC. Sheila Nicoll, director of conduct policy at the FSA, says: "The FSA recognizes the importance ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA reveals 13 firms applied for targeted support authorisation

FCA reveals 13 firms applied for targeted support authorisation

Up from seven in March

Sophia Panayi
clock 01 July 2026 • 2 min read
FCA establishes rules and standards for crypto in the UK

FCA establishes rules and standards for crypto in the UK

'Long overdue'

Patrick Brusnahan
clock 30 June 2026 • 2 min read
FCA eyes simplifying rules for advised sales of insurance products

FCA eyes simplifying rules for advised sales of insurance products

To create a clearer boundary between advised and non-advised sales

Cameron Roberts
clock 29 June 2026 • 4 min read