📝 Elevating Financial Promotions with 'Standalone Compliance' 💡 Throughout my tenure, more recently over the past decade, I've meticulously reviewed thousands of financial promotions (yes, really). One area that consistently sparks debate is 'Standalone Compliance'. The recent Finalised Guidance from the FCA once again underscores this topic, articulating, "We expect financial promotions to be standalone compliant. This means that each communication must comply with our rules when considered individually." A crucial aspect I often emphasize to firms is the necessity for essential information to be readily visible without the need for additional actions, such as click-throughs. The FCA elaborates on this point in page 12, section 2.29, talking about prominence which I find particularly enlightening. You can also see the full section on page 12 ref 2.20. I'm eager to hear your insights on Standalone Compliance. Do you perceive it as challenging or straightforward when crafting financial promotions? #FinancialPromotions #StandaloneCompliance #FCAGuidance #FG24/1 #motor #motorfinance #compliance #riskandcompliance #consumercredit FG24/1: Finalised guidance on financial promotions on social media https://lnkd.in/eq9tNdUj
Stephen Thomas 🇬🇧’s Post
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🎯 Strategic compliance made simple: Master FCA Consumer Duty Board reporting requirements. Practical insights for financial firms and compliance teams. https://lnkd.in/eXdaZhhz #FCACompliance #UKBusiness #RegulatoryCompliance 📑 💡
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🎯 Strategic compliance made simple: Master FCA Consumer Duty Board reporting requirements. Practical insights for financial firms and compliance teams. https://lnkd.in/eXdaZhhz #FCACompliance #UKBusiness #RegulatoryCompliance 📑 💡
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🎯 Strategic compliance made simple: Master FCA Consumer Duty Board reporting requirements. Practical insights for financial firms and compliance teams. https://lnkd.in/eXdaZhhz #FCACompliance #UKBusiness #RegulatoryCompliance 📑 💡
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We have taken a look at the most recent updates made by the Financial Conduct Authority to its Perimeter Report. Not a huge amount which is new for our typical audience. Still, we have pulled out a few interesting bits which we feel have not received much coverage. #compliance #regulatoryaffairs #regulation #complianceofficer #trading
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🎯 Strategic compliance made simple: Master FCA Consumer Duty Board reporting requirements. Practical insights for financial firms and compliance teams. https://lnkd.in/eXdaZhhz #FCACompliance #UKBusiness #RegulatoryCompliance 📑 💡
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Reducing and preventing financial crime is noted as one of the three key priorities of the FCA's Business Plan, unveiled in March. In this latest article, experts from Mazars in the UK outline how this will impact firms, as well as how to prepare for the other requirements and developments announced. Read more ➡ http://maza.rs/6046YR8JI #RegulatoryCompliance #FinancialServices #Financialcrime
Financial crime - Q1 2024 - Mazars - United Kingdom
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Partner at KPMG. Operational Leader, Business Improvement Specialist and General Problem Solver!
Following the introduction of the Consumer Duty, the FCA has wasted little time in putting its new supervisory toolkit into action, with adviser charging as its next focus. If this impacts your business, I would be happy to chat through the implications and potential ways of handling the required activity. https://lnkd.in/d6ry4HTu #consumerduty #remediation #advicecharges
Ongoing advice charges
kpmg.com
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My Compliance Centre simplifies the process of documenting and evaluating Financial Promotions, guaranteeing regulatory adherence while accommodating the specific operational requirements of your company. Learn more via the link below: https://buff.ly/3LMcrNL #FCACompliance #ComplianceManagement #RegulatorySuccess
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Client trust is your golden goose! Staying on top of FCA updates empowers you to build stronger relationships with your clients and navigate the ever-changing financial landscape. Dive into our breakdown of the 3 key FCA policy statements you need to know! #FCAcompliance Learn more: https://lnkd.in/e9rPRAgP
Your Firm’s Guide to 3 Key FCA Policy Statements
comply.com
