This service offers a full on-site visit twice yearly (every six months). A compliance audit will be undertaken focusing on the following areas: conduct of business, money laundering, systems and controls, training and competence, client assets, market conduct, complaints and compliance monitoring.
The compliance audit will review the following (list is not exhaustive and will be tailored to firm’s activities):
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Firm’s procedures (compliance manual, AML procedures) and, if required, procedures will be amended/updated |
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Advice Process / Selection of client files |
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Conflicts of interest |
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TCF |
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Research |
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Trading activities |
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Personal account dealing |
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Scope of Permissions Notice |
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Financial Returns |
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Complaints |
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Approved persons register |
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Financial promotions |
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Breaches register |
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Client money/assets |
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Impact of EU Directives |
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Senior Management Arrangement, Systems & Controls |
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Compliance Monitoring |
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Training & Competence |
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Market Conduct |
On completion of the audit the firm will be issued with a detailed report documenting the audit findings. Furthermore, the report will include suggested corrective action (where appropriate) and recommendations.
In addition to the above the firm will receive an ongoing compliance consultancy support service. So, if you have a query, call us and we will resolve it. This will ensure that any compliance issues are resolved quickly. |
