Regulatory Services

The practice is known as one of the leading private client firms advising businesses regulated by The Financial Conduct Authority. The practice prides itself on offering clear guidance on regulatory issues affecting clients with a view to maintaining best practice.

Our range of clients varies from large international financial institutions to new entrants. Our regulatory team has dealt with the authorisations of a large range of client types such as brokerage firms, hedge fund managers, retail wealth managers, corporate finance advisers, commodity firms and HFT and proprietary trading firms.

Our skilled team has over 20 years experience of assisting with authorisations and has a 100% success rate in project managing FCA authorisation applications.

Our services cover the following areas:-

  • Assisting firms to prepare FCA application packs, including drafting business plans, ICAAP, liquidity and capital adequacy forecasts, financial forecasts, and related compliance issues
  • Reviewing firms’ systems and controls, and reporting our findings to senior management
  • Project managing communications with the FCA during the application process
  • Advising on AML procedures and corporate governance
  • Assessment and development of KYC and transaction monitoring systems
  • Provision of compliance documentation required to be submitted with the application
  • Assisting in completing variation of permission applications
  • Assessment and development of KYC and transaction monitoring systems
  • Pillar 3 disclosures
  • Assurance Reports to FCA on firms’ systems for handling client money and assets
  • External Statutory Audit

We also work closely with third party compliance providers.

For further information, please contact Jonathan Marks or your usual contact at FSM.