Welcome to Gem Compliance Consulting

A clear approach to financial services regulation
Gem Compliance provides a wide range of practical solutions, tailored to meet our clients' specific circumstances and regulatory risks.

We don’t offer ‘pre-packaged’ solutions. We will work from our standard material or adopt standard approaches which have been developed through a number of years experience working with different clients. However our solutions are designed to be appropriate and proportionate for each and every firm individually depending upon the nature, scale and complexity of the business.

In certain circumstances, we can provide a suitably qualified and experienced individual to act as a client's appointed Compliance Officer (CF 10) on a short-term or locum basis.

Our services are particularly geared towards new businesses seeking support on applying for FCA Authorisation for the first time, newly authorised firms and expanding businesses where the principals’ primary focus is likely to be on client-facing activities and on growing the business.

A key benefit of working with Gem Compliance is that regulators will recognise that you are working with an experienced and professional compliance consultancy to assist you in fulfilling your regulatory responsiblities.
Contact us
Please call Gillian Gallacher or Natalia Popova on +44 131 344 4318

gillian@gemcompliance.com or natalia@gemcompliance.com

Edinburgh office

14 - 18 Hill Street
Tel +44 (0) 131 344 4318

London office

7 Stratford Place,
Tel +44 (0) 207 947 4454
Gem Compliance Consulting is a member of the Association of Professional Compliance Consultants, a trade body active in enhancing the professional standards of compliance consultants.
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HM Treasury & FCA publish Brexit updates

Further to the announcement from HM Treasury on its approach to amending financial services legislation under the European Union (Withdrawal) Act, the FCA has published a statement on its website providing stakeholders with an update on how the FCA are preparing for the UK leaving the European Union. A link to both statements are shown below. We have also produced a briefing note covering the key points in the Treasury announcement.

Gem Briefing Note 18/3

Treasury announcement

FCA Statement

Extending the Senior Managers and Certification Regime

After the financial crisis, Parliament recommended the development of a new accountability system that was more focused on senior managers and individual responsibility. In response, the FCA (and PRA) created a new Senior Managers and Certification Regime (the ‘SM&CR’), which came into force in March 2016 for banks, building societies, credit unions and large investment firms. The SM&CR replaced the existing Approved Persons Regime for these firms but the existing approved persons regime continues to apply to all other authorised and regulated firms.
Parliament subsequently amended FSMA to extend the new regime to all FSMA- authorised firms. The FCA has issued a Consultation Paper (CP17/25) which begins to outline how this will be implemented. More…
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