FCA Compliance Manual Template Guidance

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5 Minute Silent Webinars
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FCA Compliance Manual Template
Our templates are designed to help financial
institutions from Banks to PSPs, CMCs to General
Insurance, create a comprehensive FCA Compliance
Manual. They cover key areas from Advertising
to policies, procedures, reporting, to
Whistleblowing!
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Introduction to FCA Compliance
FCA Regulations
Compliance Objectives
The Financial Conduct Authority (FCA) is the UK's
financial watchdog. It sets rules for financial
institutions, including banks, insurance
companies, and investment firms.
FCA Compliance is essential for protecting
consumers, maintaining market integrity, and
preventing financial crime.
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Key Sections of the Manual
Policies Procedures
Reporting Record-keeping
A detailed outline of the organisation's
regulatory obligations, including anti-money
laundering, conduct rules, and financial crime.
Guidance on reporting regulatory breaches,
maintaining accurate records, and responding to
regulatory inquiries.
Employee Training Awareness
Monitoring Auditing
A plan for training employees on FCA rules,
regulations, and best practices.
A process for regularly reviewing compliance
activities and identifying areas for improvement.
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Policies and Procedures, including
Anti-Money Laundering
Conduct Rules
Procedures for identifying and preventing money
laundering activities, including customer due
diligence and transaction monitoring.
Clear guidelines on ethical behaviour, fair
treatment of customers, and responsible marketing
practices.
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Reporting and Record-keeping
Regulatory Breaches
Record Retention
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Procedures for reporting any violations of FCA
rules and regulations to the relevant authorities.
Clear policies on the types of records that must
be kept, the length of time they must be
retained, and the secure storage of these records.
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Employee Training and Awareness
Initial Training
Ongoing Training
A comprehensive onboarding program for all new
employees, covering the key aspects of FCA
Compliance.
Regular training sessions to update employees on
changes to regulations acompliancend to address
any emerging challenges.
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Monitoring and Auditing
Internal Audits
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Regular reviews of compliance procedures and
practices, including internal controls and risk
assessments.
External Audits
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Periodic audits by independent third parties to
assess the effectiveness of the compliance
framework and to identify any areas for
improvement.
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Conclusion and Next Steps
Compliance is Continuous
FCA Compliance is an ongoing process that
requires constant attention and vigilance.
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Stay Informed
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Keep abreast of any changes to FCA rules,
regulations, and guidance.
Regular Reviews
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Regularly review and update the Compliance Manual
to ensure it remains relevant and effective.
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Contact Us!
Phone
0800 689 0190
Email
info_at_complianceconsultant.org
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FCA Compliance Manual Template
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If you have any burning questions, please
contact us
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If you have any burning questions, please
contact us