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Workshop on 8 July in the City of London

The APCC is pleased to announce a workshop on 8 July focussing primarily on authorisations and what makes a good application pack.  Two speakers from the FSA will be presenting on this topic and delegates will be encouraged to ask questions.  In addition Simon Collins will give an update on the FSA's compliance consultants training programme and an update on enforcement issues following his presentation to the FSA at their own internal enforcement conference.

Click here for further details.

Latest

Meeting with the FSA whistleblower

 


The APCC met with the FSA whistleblower in October 2009 to discuss in what circumstances the FSA considers consultants should whistleblow on their clients


A summary of the meeting can be found here. 

Following the meeting the APCC asked for clarification on advising clients to whistleblow on themselves, particularly where the particular breach had been remedied.  The FSA's zero tolerance approach to regulated firms who breach the Principles for Business in addition to the unpredictable basis of punitive action taken by the Enforcement division of the FSA result in it not always being clear that it is in the best interest of a regulated firm to inform the FSA of a material rule breach.  The summary of the meeting with the whistleblower was delayed waiting for this clarification which in the end was not received. 

Other

Cost effective PI insurance for APCC members


Towergate Risk Solutions and Hiscox Insurance Company Limited have teamed up to create an enhanced professional indemnity facility for APCC members.



The competitive premiums which are available to all APCC member firms include professional indemnity, public and employer liability.  D&O cover is also available, again at competitive rates, to corporate APCC member firms.

For further information and a proposal form please e-mail charles.wintour@towergate.co.uk.

This financial promotion has been approved by Towergate Underwriting Group Limited.  Towergate Risk Solutions is a trading name of Towergate Underwriting Group Limited. Authorised and regulated by the Financial Services Authority.





Discounts for members on professional journals


Two journals are offering discounts to APCC member firms.  The journals are Compliance Monthly and the Journal of Securities Law, Regulation and Compliance. 



Compliance Monthly
This is a new monthly magazine for UK compliance professionals which was launched earlier this month.  Members get a free 3 month trial subscription.  To find out more you need to be an APCC member and to login to this website.

 

Journal of Securities Law, Regulation and Compliance
This is a new professional journal analysing current and emerging issues in securities law, regulation and compliance.  The journal is published quarterly and members get a 15% discount on the annual subscription.  To find out more you need to be an APCC member and to login to this website

 



Discounts for members on professional journalsMembers Only Data


Two journals are offering discounts to APCC member firms.  The journals are Compliance Monthly and the Journal of Securities Law, Regulation and Compliance.



Compliance Monthly
This is a new monthly magazine for UK compliance professionals which was launched earlier this month.  Members get a free 3 month trial subscription, to get this just email subs@compliancemontly.com and quote reference APCC.

 

Journal of Securities Law, Regulation and Compliance
This is a new professional journal analysing current and emerging issues in securities law, regulation and compliance.  The journal is published quarterly and members get a 15% discount on the annual subscription by quoting the code "EG" when ordering.  More details on this journal can be found by clicking here.

 

 

 



Expert Witness Support and Skilled Persons Reports


Regulated firms can find it difficult to find the right expert witness support for their regulatory compliance. If the FSA requires you to appoint a skilled person to prepare a report under S166 of the Financial Services and Markets Act you may find similar difficulties.   APCC members can help in both areas.



Many APCC member firms can offer expert witness support for regulatory compliance and much more.  An expert witness can provide support whether you are facing a Financial Services and Markets Tribunal or require assistance in a complaint case, at an Ombudsman Hearing or in civil or criminal proceedings.  

Members may also provide a skilled person's report under section 166 of FSMA.  In accordance with the particular requirements set out by the FSA our members will diagnose areas of concern, verify information provided to the FSA, monitor activities, provide reports on recognised risks and develop recommendations for resolution, assist in the design of a remedial action plan or provide oversight of and report on a remedial action plan.

APCC members are subject to our professional Code of Conduct and go through referencing and peer review on their experience and qualifications before being admitted to membership.

If you need to find a compliance consultancy firm to provide expert witness support or a skilled persons report then go to our list of members and select "expert witness and skilled persons report" in the list of services provided.


FSA working with the APCC on the use of consultants and a firm's organisational systems


The FSA is working with the APCC on the impact of the use of consultants within a firm's organisational controls


In their policy statement on organisational controls the FSA made specific reference to the work it is doing with the APCC on the professional standards of compliance consultants and that it will be exploring with the APCC what might be needed regarding SYSC, as a result of the April 2009 changes to chapter 6 of SYSC.  An extract of these references and the related speech by Lesley Titcomb is also available.