The financial services sector has experienced significant change over recent years and businesses operating within this sector face a complex operating environment.

The Financial Conduct Authority (FCA) have introduced a number of policy statements that have further changed the compliance obligations that financial services firms must adhere to.

The volume and complexity of the FCA rulebook is intimidating and our aim throughout is to assist our clients in simplifying the process and helping them with their compliance requirements. We understand the pressures faced by compliance officers and have developed an insight into how clients can most effectively communicate with the regulator should the need arise.

 
 
 

Our specialist FCA Regulated Businesses Team

 
 

 Our experience within the sector

  • Significant experience of advising and auditing regulated entities and associated CASS reporting to the FCA
  • Assisting and advising with filing the various GABRIEL returns to the FCA including assisting with capital adequacy requirement calculations and COREP reporting
  • Risk and compliance health checks from a FCA reporting perspective
  • Reviewing and reporting on internal control weaknesses and assisting with designing and implementing improvements to the company’s systems and controls (both office and client accounting)
  • Advising in respect of FCA compliance matters, including Pillar III disclosures, ICAAP and CASS resolution packs
  • Advising on the structure and set up of new regulated ventures
  • Advising on existing group structures to maximise tax efficiency and compliance with FCA requirements, whilst taking account of commercial considerations and other legislation
  • Financial, regulatory and tax due diligence on the acquisitions of a range of regulated businesses
  • Lead advisory roles on the sale of regulated entities
  • Valuation work in respect of companies and regulated investment products

Who we work with

We have considerable experience in this sector and currently act for many FCA regulated clients ranging from small owner managed businesses to medium and large entities which include:

  • Independent financial advisers
  • Stockbrokers
  • Discretionary investment management firms
  • Fund managers
  • Mortgage and General Insurance Brokers
  • Corporate finance advisory firms

What we do

Our team of experts provides practical and commercial solutions to firms, financial institutions fund managers and compliance consultants in the financial services sector. Our approach is to not only assist our financial services clients with meeting the compliance and reporting requirements of the FCA, but also to provide other professional services such as audit, tax planning, business structure and corporate finance to help our clients grow their businesses and achieve their own objectives.

We are committed to delivering a partner-led, high-quality, practical and cost-effective service that helps mitigate the pressures faced by businesses in this complex and highly regulated sector.

 

 

FCA Regulated Businesses News

 

Do you need a Legal Entity Identifier?

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From 3 January 2018, legal entities such as companies, trusts, partnerships and charities will need to have a Legal Entity Identifier (LEI) if they wish to trade on financial markets in the UK, or continue […]

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IFA acquisitions – are you ready for your new clients?

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We have continued to see a good level of activity in the M&A market for investment advisory firms for both share and asset / client book deals. Whilst the immediate economic benefits of such a […]

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