Better Compliance for FCA-Regulated Firms

When it comes to FCA compliance, firms often focus on the basics — following guidelines, meeting deadlines, and ensuring that documentation is in order. While these are essential, additional strategies can make compliance far less burdensome.

Integrate Compliance into Daily Operations

Automate key processes — report filing, monitoring activities, and real-time alerts. Build compliance into the design of your products and services from the outset.

Leverage Data Analytics for Proactive Monitoring

Use predictive analytics to identify potential risks before they become issues. Create dashboards that display compliance metrics in real-time.

Adopt a Collaborative Approach

Create compliance champions in every department. Regularly gather feedback on how compliance measures impact operations.

Regulatory Horizon Scanning

AI-powered tools that scan regulatory updates and alert you to changes can save considerable time.

Training and Awareness

Implement microlearning rather than long, intensive training sessions. Gamification can make compliance training engaging.

Centralise Documentation

Implement a cloud-based document management system that houses all your compliance documents in one place. Ensure it includes version control so everyone works from the most up-to-date policies.

Fenchurch One brings much of this together in one place. The Control Centre shows what is overdue, what is coming up and what is waiting on you, email reminders keep obligations from slipping, and each firm's Policies tab keeps your policies version-controlled, each with an owner and a review date. Its registers and Annual Confirmations record the evidence as you go, so nothing has to be reconstructed at year end.