We know that FCA visits can seem daunting. But, with the right preparation, they needn’t be.
A supervision visit from the FCA can have very significant implications for your firm’s time, costs and operations, and potentially result in the loss of regulatory permissions. So it’s vitally important to understand exactly what these entail – and to prepare for and manage the process effectively. That’s where Thistle can help.
It’s essential you do everything possible to ensure the FCA will be satisfied with the robustness, adequacy and effectiveness of your firm’s provisions across everything from risk, compliance and governance, to IT, internal audit and conduct.
An important part of preparing for FCA visits is compiling a series of documents for the regulator to review before the visit. Another is ensuring your senior employees will perform effectively in the face-to-face interviews that take place as part of these – along with document review and testing.
Our specialist team has the experience and expertise to help you prepare effectively for an FCA visit.
We can assess the robustness, effectiveness and adequacy of your policies and procedures. Where necessary we can help you develop them to an acceptable standard and create a robust governance framework.
We can conduct mock interviews and test your senior team’s readiness, and we can help you compile robust and appropriate strategies and documentation to support you through all aspects of your visit.
If you are expecting an FCA visit – or if you’d simply like to make sure you’ll be well prepared for any future visits, please get in touch today and we’ll be happy to explain in greater detail exactly how we can help you.