Blog
UK financial crime compliance statistics: A roundup for 2024
Learn about the key statistics in financial crime based on our Fincrime Compliance Report.
TISA CASS Compliance Survey
Earlier this year, TISA launched a CASS compliance survey in association with fscom, aiming to gather insights on key areas of interest related to CASS
Identification of Vulnerable Clients – is your firm meeting the FCA’s expectations?
The FCA recently addressed the wealth management sector at the Personal Investment Management & Financial Advice Association’s (PIMFA) Vulnerable Client event, reiterating their expectations for
Why is the DSS Such an Important Step in the UK’s Approach to Embracing Digital Finance?
In the rapidly evolving world of digital finance, the UK’s approach to embracing innovation is crucial for maintaining its position as a global financial leader.
fscom appoints Maja Marszalek as Head of Business Development
FSCom Limited, a leading specialist consulting firm providing governance, risk, and compliance (GRC) solutions to financial services institutions in the UK and Europe, today announced
Client re-categorisation rules: Key takeaways
In the case involving Robert Tchenguiz (Applicant) and IG Index Limited (Respondent) [2022] EWHC 793 (Ch), the re-categorisation of the Applicant by the Respondent from
UK EMIR Refit: What to have in place for the 30 September 2024 deadline
If you are a CCO at a UK investment firm in scope of the European Market Infrastructure Regulation (EMIR Refit), you may be questioning whether
Managing PEP Risks: Understanding Recent Regulatory Changes and FCA Guidance Updates
The recent amendments to regulations and the FCA’s proposed updates to guidance significantly impact how firms should manage their relationships with Politically Exposed Persons (PEPs).
What you need to know about the FCA latest wholesale markets proposals
The FCA, together with the other UK regulatory authorities, is continuing to build up the UK wholesale markets on the back of the recommendations set
The EU AI Act: proactivity is crucial for financial institutions to meet key deadlines
The European Union announced the publication of the Artificial Intelligence Act (EU AI Act) on 12 July 2024. This Act seeks to govern the development,
The 2024 King’s Speech – setting out a bold new direction under the new Labour government.
Wednesday 17 July saw the first King’s Speech under the new labour government. It was an interesting one to watch and not just for what
FCA operational resilience: What you need to know and how to implement it
If you’re looking to implement operational resilience in time for the Financial Conduct Authority’s (FCA) deadline of 31 March 2025, you may be dealing with:
Consumer Duty Guidance: What The FCA is Looking For
The Financial Conduct Authority (FCA)’s Consumer Duty rules were announced in July 2022 and came into force for open products and services in July 2023.
The Consumer Duty: getting ready for the first board reports and the closed products deadline
The Consumer Duty – live for almost a year – sets clearer and higher standards of consumer protection, expecting firms to act to ensure good customer outcomes.
fscom appoints David Coolegem as Head of Capital Markets
FSCom Limited, a leading specialist consulting firm providing governance, risk, and compliance (GRC) solutions to financial services institutions in the UK and Europe, today announced
What firms need to know about proposed changes to the FCA Financial Crime Guide
The Financial Crime Guide is a key source of information and advice for regulated financial services firms under the Financial Conduct Authority’s supervision. The regulator
Interim update on FCA supervision of asset management and alternatives
In March 2024, the FCA published a “Dear CEO” portfolio letter updating previous letters from August 2022 and February 2023 covering the FCA’s alternatives and asset management supervisory strategy.
The essential guide to moving from being an AR to authorisation
An Appointed Representative (AR) is a person or company, permitted to carry on specific types of regulated financial activities under the licence of a Financial
Payments sector diversity continues to improve, but rebalancing far from finished
Payments sector diversity continues to improve, but rebalancing far from finished, Belfast event hears Gender diversity in the UK and Ireland payments sector has improved
With less than a month until the deadline, are you ready to meet the FCA’s anti-greenwashing rule?
Every firm authorised by the Financial Conduct Authority (FCA) has until the end of May to comply with the new anti-greenwashing rule. As that deadline
Planning for your annual CASS Audit
Many UK investment firms that hold and/or control client money and assets must undertake an annual CASS audit as required by the Financial Conduct Authority
Avoiding Common Errors in FCA Authorisation: A Guide for Asset Management Firms
Firms seeking to obtain a license to operate in the asset management sector in the UK must apply for authorisation with the Financial Conduct Authority
FCA publishes finalised guidance on promotions on social media
Celebrities and influencers are regularly seen promoting crypto and digital financial products on social media as part of a financial services company’s wider marketing strategy.
Operational Resilience: How do we address the risks of Critical Third Parties in the UK financial sector?
By David Norton, Senior Manager at fscom The dependence on AWS, Microsoft and other global suppliers by financial services firms, not just in the UK
The Consumer Duty annual reports: reporting to the Board and the Board’s report
By Azariah Nukajam, Associate Director at fscom With less than five months to go before the first set of Consumer Duty annual board reports must,
fscom expands asset and fund management offering with acquisition of FMConsult
fscom (www.fscom.co), the leading governance risk and compliance consultancy, has acquired FMConsult, the risk and compliance solutions provider to asset managers across the UK and
fscom Recognised as FT’s Leading Management Consultants in 2024
fscom, a leading governance, risk and compliance consultancy firm, is proud to announce its inclusion in the Financial Times UK’s Leading Management Consultants ratings for
Key Trends Facing the UK Capital Markets Sector in 2024
At our Q1 2024 Capital Markets Regulatory Outlook event, we heard from fscom’s CEO, Jamie Cooke, on the outlook for the industry and the challenges
2024 Regulatory Outlook Report: The Key Trends Shaping Ireland’s Payment and E-money Sector
The regulatory landscape for payment and e-money institutions is in a state of flux in 2024. The Central Bank of Ireland has a raft of
Key Trends Facing the Banking Sector in 2024
At our Q1 2024 Banking Regulatory Outlook event, we heard from fscom experts, Rick Seehra, Alison Donnelly and David Norton along with guest speaker, Aris
