Our clients trust us to provide an exceptional level of regulatory advice. We work across a range of sectors where we have in-depth industry knowledge, including financial services, insurance, retail, transport, local government and energy.
In the financial services sector we work with Asset Managers, Banks, Brokers, Consumer Lenders, Fund Managers, Investment Managers, Payment Firms, Private Equity investors, Trustees, and Wealth Managers.
Our approach enables firms to manage the volatility, complexity, uncertainty and ambiguity resulting from evolving financial regulation; we help firms address these issues and anticipate the impacts of regulatory change on their business.
On 7 April 2020 the FCA published its Business Plan 2020/21. The annual Business Plan gives details of the key priorities and the planned specific activities for the next year. The key priorities and planned activities are set out under five overall priorities, six cross-cutting priorities and the four sector-specific areas the FCA will aim to focus on. The Business plan continues to focus on the key themes we have come to expect, including; EU Withdrawal, Innovation and Technology, Operational Resilience, Financial Crime and Culture in Financial Services. Whilst the FCA's policy research in to climate change has also been brought more in to focus. The Business Plan also covers the FCA's evolving response to the Coronavirus (COVID-19) and the impact this will have on planned activity.
For any question in relation to how DWF Regulatory Consulting can assist you please do get in touch.
Our Regulatory Consulting team has a detailed understanding of the effects of financial regulation. We offer a range of strategic, business as usual or problem solving solutions. These include:
We believe that regulation can be a differentiator, helping firms to innovate, stand out and create trust with their customers, rather than simply being a cost of doing business.
Our team combines business advisers with legal expertise, and we are experienced in working with financial regulators. The diversity of our team enables us to deliver bespoke commercial and compliant solutions to a range of regulatory issues. Our team is led by senior individuals who are regulatory experts with many years of industry and advisory experience including acting as 'Skilled Persons' leading FCA and firm instructed Section 166 reviews. We can truly operate as business advisors to help your firm not just survive but prosper. We are also a Member of the Association of Professional Compliance Consultants and won the 2019 Compliance Register Award for 'Best Law Firm – Regulatory Advice'.
As highlighted through the FCA Business Plan and recent consultations, operational resilience is a high priority on the FCA's agenda and has been given even greater significance in light of Covid-19. The FCA will be expecting firms to reflect and learn lessons about their operational resilience during Covid-19. So what lessons might firms have learnt about operating during a crisis and how can these be leveraged going forwards?
The FCA has published guidance on their website for consumers and firms regarding complaints handling during the COVID-19 crisis.
As part of its support for regulated firms during the COVID-19 crisis, the FCA has updated it website and issued guidance on the requirements around getting “wet-ink signatures” (i.e. signing a document by hand using a pen) for client or other agreements and when submitting FCA forms.
The EU's deadline for member states to transpose the majority of the Fifth Money Laundering Directive ("MLD5") into local law comes into effect today. Notwithstanding Brexit, the UK has adopted MLD5 which has been introduced as a follow up to its predecessor, MLD4.