the DIRECTORY

What is the APCC

The Association of Professional Compliance Consultants, or APCC, is the body for compliance consultants who advise firms regulated by the Financial Conduct Authority in the UK.

The APCC is active in enhancing the professional standards of compliance consultants and is recognised as a trade body by the FCA. This relationship with the FCA provides our members with significant benefits in terms of direct access to the Regulator.  The APCC often works in conjunction with the FCA to pilot or test new initiatives, and we also provide the FCA with valuable feedback on specific subjects as requested by them.

Our members benefit not only from the dialogue we have with the FCA, but from our regular forums, technical briefings and interaction with other members.  Members’ are listed on the APCC website Directory which can  produce potential new business for them and publically confirms their commitment to our professional standards.  We also receive direct referrals from the FCA which often leads to new clients for our members.

Our members come from all sectors of the financial services industry.  Many firms specialise in a specific sector such as fund management or investment retail intermediaries, and, in a sign of the times, we are now very active in the Consumer Credit arena.  Other members have cross sector capability and range from sole traders to the largest consultancies in the sector, all benefitting from the membership as part of the wider consulting community.

The APCC issues mailings on matters affecting compliance consultants, holds forum events to discuss topical issues in the compliance field and liaises with the FCA on these issues.  We also have an interactive Forum on the website for members to post topics or queries, as well as a LinkedIn group and Twitter which all provides constant access to a wide community of consultancy knowledge.

Through its affiliated firm service the APCC also provides support to other service providers involved in the regulated sector wishing to benefit from the APCC’s expertise and ongoing technical dialogue with the FCA.

The Constitution of the APCC

The APCC is a not for profit company limited by guarantee. It has a board of directors, the Steering Council, who stand for re-election at least every three years. The Steering Council is made up of representatives from member firms and relevant trade bodies.

The Steering Council appoints Working Groups to consider particular issues. These Working Groups are chaired by a representative of the Steering Council and the body of each Working Group is made up of representatives from member firms.

The Steering Council admits compliance consultancy firms to membership where they meet the membership eligibility criteria, support the APCC's Objectives and Principles and agree to comply with the APCC Code of Ethics, which include
the APCC Professional Standards.

The Objectives and Principles of the APCC

The APCC

The APCC has taken over from the original steering group which was sponsored by the FSA (now FCA) to provide a forum for compliance consultants and the (now) FCA to meet and discuss issues of joint interest. Membership of the APCC is open to compliance consultancy firms who support the APCC's objectives and principles, agree to comply with the APCC Code of Ethics, which include the APCC Professional Standards, and meet its eligibility criteria. The APCC was formed with the following clear objectives and principles:

Objectives of APCC

  • Promote the professional standards of its members
  • Communication channel
  • Provide information on services provided by members
  • Accreditation
  • Recognised as a Trade Body by the FCA

Principles of APCC

  • Integrity
  • Competence
  •  Professional Standards
  • Objectivity
  • Confidentiality
  • Good repute

The APCC has the following Constitution