FCA-Regulated Companies

21 July 2014

In the current economic climate there is now increased scrutiny of companies regulated by the FCA. This means that a thorough knowledge of the rules and requirements in place is vital for these companies, as the FCA has the power to intervene and potentially stop companies trading if a serious breach is discovered. With this in mind, compliance is an issue that should be prioritised and given due attention by FCA-regulated companies.

There are two main methods of ensuring your company is complying with all relevant rules and requirements: the use of an in-house member of staff or director who has a comprehensive understanding of these issues, or the use of an external compliance consultant.

One of the responsibilities imposed on FCA-regulated companies is the submission of various reports throughout the financial year, including ‘GABRIEL’ online reports, and the CASS report (in relation to the holding of client assets), if the company exceeds certain thresholds. The expert on the topic will be able to identify the compliance requirements of the company based on its individual circumstances.

Green & Co have experience in the preparation of CASS reports. If you would like to find out more on this topic please contact us.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

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