If you are unclear on the implications of the Withdrawal Agreement and how it will affect your business, you are not alone! The vague, obscure definitions, effectively mean a “hard Brexit” for financial services. The only decisive action agreed in the Joint Declaration states that the UK and EU will agree a framework for regulatory cooperation, reaching a Memorandum of Understanding (MoU) by March 2021 (subject to extension, of course).
The FCA has published guidance for financial services, including Temporary Transitional Power (TTP), and requires UK firms to follow the TTP directions where applicable. Firms are expected to use the duration of the TTP period to prepare, in order to be fully compliant with the onshored UK regime by the 31st March 2022.
If Post-Brexit regulatory compliance requirements leave you befuddled and in need of a mental break, a well deserved, socially distanced coffee perhaps. Then it’s time to call the experts! This is where Fintech compliance comes in. We are the only compliance consultancy in the UK to specialise exclusively in fintech .
Our award-winning services include:
A deep dive look into your businesses activities and processes to determine the level of compliance required in order to fulfil regulatory requirements. Think of this service as a ‘health check’, which can range from checking on one element of your business or a full-firm-wide review.
Our cost-effective retainer service for firms with low compliance requirements.
This popular service is the comprehensive way to ensure your firm remains compliant. Providing you with periodic risk-based compliance reports focused on specific areas of the business, as well as any other ongoing advice or compliance assistance required.
Perfect for situations when you need assistance with one-off issues which require efficient and effective resolution. Comply – Ad hoc incorporates assistance with any regulatory/compliance issues including the following:
Providing you with training services specific to your business and activities. With financial regulation constantly evolving, it is imperative that your firm keeps up-to-date with its requirements, including maintaining the competency of staff. Some of the training services we currently provide to businesses include:
To find out more about Fintech Compliance, our services, and how we can help you stay compliant, get in touch today to speak to one of our fully qualified advisors.> Get In Touch