Essential Strategies for Financial Services Compliance, 2nd Edition

Appendix ARoutine Compliance Activities

This appendix contains details of some of the routine activities most commonly undertaken by the Compliance Officer. It is important to remember that the guidance provided on each area provides summary guidance only and you should tailor the procedures and controls within your own firm to the specific requirements of your business activities and customer base.

Activity
Compliance culture, ethics and integrity	132
Maintenance of compliance manual	134
Maintenance of compliance policies and procedures	135
Regulatory training	136
Undertaking and supervising remedial action plans	138
Internal relations	139
Annual Compliance Plan	139
Maintenance of Compliance department charter	140
Annual compliance attestation	140
Supervising other entities within the group	141
Maintenance of compliance and regulatory risks register	142
Sample risks register – Research department	143
Advisory and project work	145
Management of relationship with regulators, clearing houses, exchanges, etc.	146
Regulatory visits	147
Regulatory service providers	148
Responding to consultation papers and industry developments	149
Rules-mapping and reviewing new legislative and regulatory developments to assess relevance	150
Periodic regulatory reporting to the FCA and PRA	150
Ad hoc reporting to the FCA and PRA	151
Payment of fees to the FCA and PRA	152
Membership of professional bodies	152
Keeping up to date	153
Disciplinary ...