Retain a compliance consultant or assistant on an on-going, monthly basis to deal with some of your day-to-day internal administrative and procedural functions.
Outsourced Verification - Financial Promotions
We do the leg work so that you only need to review and approve. We:
> Review financial promotion material to ensure that it meets the FCA's COBS rules to be 'clear, fair and not misleading'
> Prepare verification notes
> Compile the verification pack (obtaining evidence material from your client)
> Final financial promotion and verification notes and pack are submitted to the person responsible for approval of the financial promotion for the purposes of s.21 FSMA
From £2,500* (plus VAT) per month
*For up to 5 financial promotions per year.
Financial Promotions Administration (example package)
> Review all financial promotion material prior to approval and issuance
> Log and maintain all registers (whilst ensuring accurate and appropriate record keeping)
> Document and manage the process of financial promotions production, including all reviews, comments and issues as they arise
> Streamline the communication channels between the marketing and compliance teams for an efficient working practice
From £2,000 (plus VAT) per month
Note: If you would like our help with a financial promotion but not on a rolling monthly basis, we also offer our Financial Promotions services for a one-off fixed fee.
Compliance Assistance and Administration (example package)
> Deal with client take-on procedures and documentation
> Monitor internal compliance with the firm's policies and procedures and work with the whole business to gather information and resolve queries arising from the monitoring tasks
> Monthly reporting to the head of compliance/Compliance Officer
> General administration
From £1,500 (plus VAT) per month
Should you require anything not listed, feel free to ask. The above examples are for illustrative purposes only. Duties, fees and all other terms are agreed with each business on a bespoke basis.
We would be delighted to discuss your requirements with you. Contact us here.