Last week, the FCA sent letters to the chief executives of investment managers outlining its refocused supervisory strategy for their firms. Their message came in two forms, one for “asset managers”, one for “alternatives”, with a focus on areas that the regulator sees as key causes of harm to their customers or to financial markets.
While no direct response to the FCA is required or sought, we recommend that firms use this guidance to inform their risk based monitoring programmes during 2020.
Click on your firm type to learn more about what this letter specifically means for you.
For More Information
If you would like more information about how we can help strengthen your programme in 2020, please contact us here, or call our compliance specialists on +44 (0)20 7042 0560. Our services include:
Compliance Retained Services: for ongoing compliance support throughout the year to helps fulfil compliance requirements in a way that optimises time and resources for your organisation and gives assurance that you have a strong level of support throughout the year
SM&CR post-implementation solutions: a comprehensive and practical suite of SM&CR solutions, designed to help you review and maintain compliance against the directive. Our SM&CR services include post-implementation assurance reviews of your firm's current framework and on-going assistance with employee assessments and training.
Compliance Review Services: to test your firm’s policies and procedures and let you know if your firm’s arrangements are operating as expected and are meeting regulatory requirements and best practices. When we identify weaknesses or failings, our compliance review will make clear where deficiencies exist and what needs to be done to remediate them.
A range of market abuse solutions: to review and test your firms arrangements to help mitigate the risk of insider dealing, improper disclosure, and market manipulation. This can include assessment of your firm’s policies, procedures, monitoring programme, surveillance techniques, and controls environment.