Too Many Firms Still Track Employee Registration Compliance Manually

Tracking employee compliance credentials including licensing, registrations and continuing education is a complex endeavor. 

Using spreadsheets to track compliance with employee qualification and certification requirements sounds like a cost-effective and simple way to keep track. But when you factor in all of the potential licenses, registrations and continuing education updates that are potentially applicable to employees of a financial services firm and all of the moving parts that go along with them, it’s a daunting task with much room for error.

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Fit for Purpose – Consumer Duty Compliance Remains a FCA Priority

It's been almost one year the Consumer Duty came into force, setting higher and clearer standards for consumer protection across the financial services industry. 31 July 2024 will be a milestone date, marking not just the anniversary of the Duty but also implementation for closed products and the first Board Report due date.

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Preparing for Markets in Crypto-Assets Regulation (MiCA)

The Markets in Crypto-Assets Regulation (MiCA) institutes uniform regulations for crypto-assets across the EU that are not currently regulated by existing financial services legislation.  The Application of Rules for asset-referenced and e-money tokens took effect on 30 June 2024. The countdown is on for the Application of Rules for the remaining asset classes in December 2024.

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ASIC Calls for Stronger Supervision of Business Communications

The Australian Securities and Investments Commission (ASIC) has called on market intermediaries to enhance supervisory mechanisms and strengthen oversight of business communications among their authorised representatives.

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APRA Launches Prudential Handbook to Simplify Compliance

The Australian Prudential Regulation Authority (APRA) has undergone several initiatives over the last few years to make its standards and guidance simpler, clearer, and more adaptable.

In a culmination of these efforts, APRA has now launched its digital framework, taking shape as its digital “Prudential Handbook”.

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