Data on a Touch Pad

FCA Compliance Consultants

Image by Sean Pollock

FCA Compliance Consultants

The Financial Conduct Authority (FCA) can seem a pretty intimidating regulator; the rulebook is huge, and often complex.

Even the largest businesses sometimes find it difficult to keep up with the constant stream of rule changes, policy documents, and consultation papers. It is important to avoid the real risk of breaching FCA rules and regulations.

An FCA compliance consultant assists authorised firms, and those seeking authorisation, with ensuring their FCA compliance. For some firms, particularly those with little internal compliance capacity, consultants are an integral part of their compliance management. For others, compliance consultants are called upon when the firm has a specific compliance requirement. 

Compliance obligations cannot be outsourced to a consultant but a good compliance consultant will enable a firm to meet its obligations through cost-effective solutions.

The FCA has produced a fact sheet about using an FCA Compliance Consultant.

When selecting an FCA compliance consultant firms should consider the following key issues:

  • What experience does the compliance consultant have in the area of compliance that the firm requires assistance with, and is their knowledge up to date.

  • What capacity does the FCA compliance consultant have, and do they have any contingency arrangements in the event that they are unable to undertake the work due to unforeseen circumstances.

  • Are they able to provide workable solutions rather than just identify problems.

  • Will they be able to work with key individuals in the firm, and will they add value to the firm.

  • We’re not just an FCA Compliance Consultant; we’re a team of expert FCA Compliance Consultants with experience and proven results in all aspects of FCA compliance. 

ant-rozetsky-HXOllTSwrpM-unsplash.jpg

Ongoing FCA Compliance

As an FCA authorised person or firm, you might need help to ensure you comply with the FCA’s rules.

We provide our clients with support they need to maintain compliance and avoid breaching the rules. Our bespoke service is individually tailored to each of our client’s requirements and objectives to help them meet in the best way possible.

Whether you need documentation to help you remain compliant, want ongoing advice or support, impartial monitoring of your activities or anything else, MEMA may be able to help.

Image by Smartworks Coworking
Image by LinkedIn Sales Solutions
jason-goodman-6awfTPLGaCE-unsplash.jpg

Why Choose MEMA?

MEMA has been supporting firms through the FCA compliance process since 2019. In that time, we have helped hundreds of businesses to successfully gain and retain FCA authorisation.

We have a unique blend of experience from ex-regulators, big 4 consultants and fin/regtech specialisation. Our team is highly experienced and expertly skilled. We specialise in providing our clients with solutions to often complex regulatory requirements and compliance needs.

Our unique industry insight and comfort with compliance enables our team to support you to the fullest extent possible, helping to develop your business model and compliance.