Compliance Advice for Covid-19 and FCA Regulated Firms
The Covid-19 pandemic has presented UK FCA regulated firms with numerous challenges; financial challenges, keeping employees safe and working and ensuring customers are safe and treated with consideration to the challenges they too face. It can be a tricky balancing act.
There are already a raft of rules for FCA regulated firms and this has increased recently with the FCA publishing additional guidance and emergency measures for firms during the Covid-19 pandemic.
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If your business needs help navigating the Covid-19 rules and regulations, complianceadvice.co.uk can help.
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Advising what additional measures your business needs to put in place during the Covid-19 pandemic
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Providing support to your business to comply with FCA Covid-19 rules
The FCA has introduced a package of measures to help consumers and small businesses, which includes:
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Expectations for firms’ systems and controls to combat financial crime
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A package of measures to support consumers facing financial difficulties due to Coronavirus
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Temporary relief for motor finance and high cost credit consumers impacted by Coronavirus
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Temporary guidance for firms providing rent-to-own, buy-now pay-later and pawnbroking agreements
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Access arrangements for retail banking
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Safeguarding arrangements and prudential risk management for payment services and e-money firms
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Temporary changes to regulatory reporting obligations
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Guidance on complaints handling arrangements
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Guidance on operational resilience and cyber security for firms
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If your firm needs advice or additional support during the Covid-19 pandemic, complianceadvice.co.uk can help provide solutions. Contact us today for advice and guidance on all your FCA Covid-19 questions.