Ongoing supervision of FSA firms
27th July 2010John King, Manager - Wholesale Small Firms
'As part of our wider credible deterrence agenda we are increasing our programme of visits to firms. We expect to have visited around 800 firms in the three years to 31 December 2010. We are seeking to raise our engagement with senior management to ensure that appropriate levels of compliance exist within our firms.
Our thematic work for 2010 is covering issues including liquidity, client money, groups, capital (ICAAPs), market abuse, financial crime and control functions.
Additionally, we are using data provided via Gabriel and other returns to identify outliers. This especially includes firms that fail to submit or submit their returns late.'
If you want help on reviewing your liquidity, client money, ICAAP or financial returns please contact Atma Dhariwal on atma.dhariwal@cclcompliance.com
For financial crime contact Terry Douglas at terry.douglas@cclcompliance.com
For regular compliance advice please contact david.dobell@cclcompliance.com or graham.harding@cclcompliance.com
