Regulatory & New Business Developments

Changes – to your business or regulation?

Things very rarely stay the same. Businesses evolve and diversify into new products and services. The rules and regulations that impact on running a successful and compliant organisation also change over time.

We can provide guidance on the compliance impacts of either your new business initiatives or regulatory developments.

For new business developments, this can include identifying whether the firm needs to apply for a Variation in Permission and where required, implementing changes to your existing compliance regime so that this remains compliant. We project manage the implementation of any new requirements and also ensure that these developments appropriately consider Treating Customers Fairly.

Previous major regulatory developments that we have advised on include:

  • The Financial Services and Markets Act (’FSMA’) 2000
  • Insurance Mediation Directive
  • Markets and Financial Instruments Directive (‘Mifid’)
  • Payment Services Regulations 2009
  • Money Laundering Regulations 2007
  • Treating Customers Fairly
  • Regulation of Personal Pension Scheme Operators (including SIPP’s)
  • Retail Distribution Review
  • Financial Conduct Authority
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