How can DWF Conforma help your business?
DWF Conforma is a very fast and effective way of a business obtaining a health check of their current position with regard to the transition to the FCA. Having a checklist of items and actions to focus the mind in order to ensure the business is ready to face the challenges of the new regime.– Richard Kernick, Santander Consumer (UK) plc
Featuring an online audit tool, an eLearning training programme and face to face legal advice, DWF Conforma allows you to quickly assess your business’s readiness for the new FCA regime, and offers a menu of solutions which can be used individually or as a complete package to ensure that your business is fully compliant.
Online Audit Tool
The online audit tool is a simple-to- use online questionnaire which allows you to quickly assess your business, systems, practices and procedures and offers a bespoke solution aimed at the specific needs of your business.
E-learning Programme
Ensuring that your employees are up to date with the new FCA regulations and providing a service which is compliant with the new requirements is of vital importance. DWF Conforma’s e-learning programme provides a quick and efficient means of ensuring that all of your employees are kept up to date with training in the key areas of FCA regulation.
Legal Guidance
Authorisation
As part of their aim to enhance consumer protection and give consumers access to products and services they can trust, the FCA have made it clear that the authorisation process for businesses and individuals will be subject to much stricter scrutiny, reducing the risks associated with money laundering, poor practice and unauthorised activity.
Under the new regime, the FCA will be more proactive and in its supervision of higher risk firms and levels of supervision and enforcement will increase with business size.
Our experts can guide your firm and approved staff members through the authorisation process, ensuring that FCA business principles are clear and understood and emphasising the need for businesses to pay attention to regulatory updates.
General legal guidance
Beyond authorisation, businesses will also need to get to grips with the wider implications of the new regime such as changes to documentation, policies and procedures across many areas of the business, a wholesale review of the way financial products are sold and incentivised, and a renewed focus on treating clients fairly (TCF) when it comes to creditworthiness and affordability.
These are just a few of the fundamental changes the FCA rule will bring and non-compliance may carry criminal sanctions. Can you afford not to get it right?
For more information about DWF Conforma please contact us and a member of our team will be in touch to discuss your requirements
Julia Perez
- Partner // Operations Director of Managed Services – Commercial
John Perez
- Partner