What we do
The Association of Professional Compliance Consultants is the only nationwide association of compliance consultancy firms in the UK. Our members advise firms regulated by the Financial Services Authority in the UK on all aspects of regulatory compliance. We have a regular dialogue with the FSA on compliance matters covering issues where we believe the industry needs further guidance or where additional (or different) regulatory input would be useful. We hold events and workshops on compliance issues including a flagship annual all day event in March held in central London.
While our full members are all compliance consultancy firms we also have affiliate firms who are not members of the APCC but who are service providers to the financial services sector. Affiliate firms gain the benefit of our regular bulletins and updates and ongoing dialogue with the FSA. We are setting up directories on our website of selected specialist service providers to the financial services and compliance sectors, which will be available here.
Professional Standards
The APCC has developed a framework of Professional Standards setting out best practice guidance for compliance consultants. These Professional Standards are to be adapted to meet particular client circumstances and are not intended to be rigid statements of required conduct...
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The Steering Council
The Steering Council meets regularly and directs the business of the APCC. Members of the Steering Council are drawn from a wide cross-section of the compliance consultant community. It is intended that Steering Council members will serve for up to three years after which they will retire but may put themselves forward...
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Appointing a Consultant
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If you are considering appointing a compliance consultant then an APCC member should be your first choice. APCC members are subject to professional conduct standards and conform to the EU Services Directive. The FSA has published guidance to regulated firms on using and appointing compliance consultants. Although this guidance is directed at smaller retail firms it is relevant to all firms. The FSA expects regulated firms to identify the services they require, ensure they appoint a compliance consultancy firm that can meet their needs and then monitor the appointment and act on any recommendations received. The APCC has issued supplementary guidance when appointing a compliance consultancy firm to assist regulated firms in their selection of compliance consultant.