Understanding the requirements and how to stay compliant In the UK’s regulated financial sector, ensuring that individuals in key roles are “fit and proper” is not just best practice, it’s a regulatory obligation under the Financial Conduct Authority’s (FCA) Senior Managers and Certification Regime (SM&CR). But what does “fit and proper” really mean? And how […]
What Makes a Firm ‘Fit and Proper’ in the Eyes of the FCA? Read More »
Redress schemes, BNPL regulation, and what it means for lenders and brokers As part of the FCA’s ongoing efforts to strengthen consumer protection, major FCA updates have been announced this month impacting motor finance providers and Buy Now, Pay Later (BNPL) firms. These developments signal a significant regulatory shift that will impact lenders, brokers, and
Consumer Credit Compliance: Key FCA Updates You Should Know Read More »
With the FCA’s Consumer Duty framework now fully in effect, regulated firms must complete and review an annual Consumer Duty board report by 31st July. This report is critical in demonstrating how a firm delivers good outcomes for retail customers an essential requirement of the Duty. At My Compliance Consultant, we support firms across the UK in preparing high-quality, compliant board
July 31st Is Just 15 Days Away! Have You Prepared Your Consumer Duty Board Report? Read More »
In today’s fast-changing regulatory landscape, compliance is not just a legal requirement it’s a cornerstone of trust, operational stability and long-term success. However, many organisations continue to make avoidable compliance mistakes that can expose them to serious financial and reputational risks. At My Compliance Consultant, we help UK firms strengthen their compliance framework by identifying
5 Common Compliance Mistakes (and How to Avoid Them) Read More »
In today’s highly regulated financial environment, FCA compliance is no longer just a legal obligation it’s a strategic differentiator. Businesses that proactively meet Financial Conduct Authority (FCA) regulations not only protect themselves from regulatory penalties but also build stronger, more sustainable brands. At My Compliance Consultant, we believe that regulatory compliance can and should be used as a competitive edge. Here’s why
Why FCA Compliance Is a Competitive Advantage for Your Business Read More »
Navigating a Financial Conduct Authority (FCA) compliance audit can feel daunting, but understanding what to expect can help your business prepare effectively and minimise disruption. At My Compliance Consultant, we have extensive experience supporting firms across the UK through every stage of the FCA audit process, ensuring full compliance UK standards are met. Here’s a
What to Expect in an FCA Consumer Credit Compliance Audit Read More »
In the consumer credit regulatory sector, compliance is not only a legal requirement it’s fundamental to trust, credibility, and sustainability. We frequently witness the consequences firms face when they fail to meet the standards set by the Financial Conduct Authority (FCA). Every day, the FCA publishes notices highlighting why certain firms lose their authorisation. While
The Cost of Non-Compliance in the Consumer Credit Regulatory Sector Read More »
The FCA have issued an update on the Consumer Duty and what they expect from firms, below is an overview of the key points and link to the full document. Consumer Duty – information for firms | FCA Welcome to My Compliance Consultants, who offer enhanced consultancy services to ensure you can attain and remain
Consumer Duty – information for firms Read More »
In a significant development within the UK’s motor finance sector, the Supreme Court has denied Chancellor Rachel Reeves’ attempt to intervene in a landmark case concerning the mis-selling of car loans. This decision has profound implications for lenders, consumers, and the broader financial landscape. Background of the CaseThe controversy centres on undisclosed commissions paid by
Supreme Court Rejects Rachel Reeves’ Motor Finance Intervention Read More »
Celebrating a significant milestone, My Compliance Consultant proudly marks its 5th anniversary. Since our establishment in February 2020, we’ve been dedicated to providing exceptional consultancy services, ensuring our clients achieve and maintain full compliance with the Financial Conduct Authority (FCA) regulations. Reflecting on Our JourneyOver the past five years, we’ve expanded our suite of services
🎉 My Compliance is 5 Years Old! 🎉 Read More »
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