Navigating FCA Compliance in Insurance Broking: A Strategic Overview

1
Introduction to Insurance Broking and FCA
Compliance

• Overview of insurance broking and the necessity
  for FCA authorisation.
• Role of insurance brokers in helping consumers
  choose insurance.
• Requirement for FCA authorisation unless
  exempt.
• Importance of complying with FCA rules for
  authorised brokers.

2
Key FCA Compliance Requirements

• Essential compliance requirements for insurance
  brokers.
• Overview of the Insurance Conduct of Business
  Sourcebook (ICOBS).
• Additional FCA rules complaint handling, Senior
  Managers and Certification Regime (SMCR).
• Permissions needed for providing advice and
  ensuring proper systems and controls.

3
Becoming an FCA Authorised Firm

• Steps and requirements for FCA authorisation.
• Importance of a compliance monitoring framework.
• Professional Indemnity Insurance and capital
  requirements.
• Suitability of individuals in control or
  management roles.

4
MEMA's Support for FCA Authorisation and
Compliance

• How MEMA Consultants assist firms with FCA
  authorisation and compliance.
• Dedicated Regulatory Adviser for application
  support.
• Guidance on compliance, risk identification, and
  documentation preparation.
• Ongoing compliance support tailored to client
  needs.

5
Why Choose MEMA Consultants?

• Advantages of partnering with MEMA Consultants.
  
• 
  
  
• Experience since 2019 in FCA compliance.
• Unique blend of expertise from ex-regulators and
  consultants.
• Proven track record in helping firms navigate
  complex regulatory landscapes.

6
CONTACT US



contact_at_memaconsultants.com
03301330811



Suite 1810, Unit 3a,34-35 Hatton Gardens,
Holborn, EC1N 8DX

https//www.memaconsultants.com/


7
Thank you very much!