Business Issue
The client, an investment company specialising in comprehensive money management and sophisticated tailor-made investment portfolios, engaged fscom to review their updated policies and procedures in response to fscom’s 2023 assurance review recommendations. Additionally, fscom was tasked with refreshing the assurance review for 2024 to ensure ongoing compliance and effectiveness.
Solution
fscom reviewed the client’s documentation for compliance with the 2023 assurance review, focusing on Amber and Red-rated areas. Key governance, financial crime, risk management, and compliance policies were assessed for improvement. In 2024, fscom conducted a full assurance review covering governance, risk management, compliance, regulatory reporting, and operational resilience, identifying necessary enhancements. At the review’s conclusion, fscom presented draft findings in a detailed report, followed by an in-person presentation.
2 Years
Assurance reviews conducted in 2023 & 2024
5 Areas
Governance, risk, compliance, financial crime & reporting
100% Aligned
Policies met FCA regulatory standards.
Benefits
fscom ensured the client’s policies and procedures aligned with regulatory expectations, addressing previous compliance gaps. The structured review process provided assurance that past recommendations were effectively implemented. The refreshed 2024 assurance review strengthened the client’s governance framework and compliance monitoring, reducing regulatory risk. Clear reporting and expert insights enabled the client to proactively manage compliance obligations.
Client
Feedback
The client commended fscom’s assurance review, stating that it provided valuable insights into their compliance framework. They praised fscom’s expertise and help in addressing key regulatory risks, ensuring they remained aligned with FCA expectations. They described the structured approach and clear recommendations as ‘instrumental’ in strengthening their policies and procedures.
