No-Deal Brexit Would Bring Major Compliance Changes

The U.K and the European Union (EU) are bracing for the likelihood of a “no-deal” Brexit.  

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FCA Highlights Insider Trading Risk and Compliance

The Financial Conduct Authority (FCA) issued an edition of Market Watch this month that shares the regulator’s concerns and findings about control of access to inside information. In the publication, the FCA highlighted the conviction of Fabiana Abdel-Malek, a former Compliance officer in the London branch of a major investment bank.  

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Senior Managers held liable under new SMCR requirements

It’s only six months until the Financial Conduct Authority (FCA)’s new Senior Managers and Certification Regime (SMCR) requirements take effect. It’s important to remember as of December 9, 2019, a senior manager may be held personally liable for breaches in SMCR requirements. The FCA has made it clear it does not matter if the senior manager was involved in the breach. They will still be held accountable if the breach occurred as a result in their failure to execute on their SMCR responsibilities.  

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The Time to Comply with SMCR is now says FCA

The time to being preparing to comply with the new Senior Managers and Certification Regime (SMCR) is now, according the Financial Conduct Authority (FCA). The FCA recently issued a reminder to firms regulated by the Financial Services and Markets Act (FSMA) that they must be ready to meet SMCR requirements when the December 9, 2019 effective date arrives.  

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The Basics of Conduct Risk: 3 Things to Know


1) Conduct risk is typically associated with human misbehavior. 

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