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Regulatory consulting

At First Accountant, our award winning Regulatory Consultancy team is about helping businesses anticipate and adapt in an ever changing regulatory climate.  We provide consultative problem solving together with core compliance services to meet all of the regulatory needs of your business.

 We specialize in helping our clients meet the requirements of both UK and European regulation, while also providing specialist insight into some areas of global legislation. It is our aim to ensure that not only can our clients embrace regulation and manage the impacts of regulatory change, but we strive to be a trusted advisor who can be relied upon to add value, provide challenge and deliver a service which will facilitate your business having a safe and sustainable future.

Applications and permissions

We offer assistance with your regulatory application and other applications for approval of individuals, variation of permission, change in controller and waivers. We work with you to build the application pack with all forms and relevant documents and can help with regulator queries.

We can do as little or as much as you require in this process. Some clients come to us with an idea and we help develop this into a tax efficient structure, business plan and application pack, and others will complete the application pack themselves and we will simply review this for them to ensure it is complete, prior to submission to the regulators. Many of our clients will be somewhere in between these points, but whatever level of assistance is required from us, you are guaranteed support throughout the application.

Comprehensive compliance support

We recognize that value for money is a pre-requisite for all business expenditure – and that professional fees are no exception. We take the view that the clock doesnt start running as soon as we pick up the phone to a client. We want to encourage clients to call us early, since our aim is to stop a problem happening, rather than solving a problem that has already occurred. We view this as an important investment in the development or our relationships with our clients.

Projects and ad hoc services

Our award-winning Regulatory Consultancy team is about helping businesses anticipate and adapt in an ever changing regulatory climate. We are able to provide regulatory interpretation, and consultative problem solving together with core compliance services. We can help you look at your business from a number of regulatory angles and perspectives, to give you comfort about overall levels of compliance and undertake targeted or Deep-dive exercises, bespoke to your needs, to enable you to ascertain specific insight, or address a specific regulatory concern. This will enable you to meet your FCA or PRA requirements in respect of compliance monitoring and also to understand the robustness of the regulatory systems and controls within your business.

Regulatory review services

We believe that knowledge is power and our review services are available to help you look at your business from a number of regulatory angles and perspectives. We can provide an holistic overview of the health and embeddedness of compliance within the businesses to give you comfort about overall levels of compliance, or we can undertake targeted or Deep-dive exercises, bespoke to your needs, to enable you to ascertain specific insight or address a specific regulatory concern.  This will enable you to meet your FCA or PRA requirements in respect of compliance monitoring and also to understand the robustness of the regulatory systems and controls within the business. 

Remediation support

First Accountant specialist regulatory teams are highly experienced in providing firms with a range of exploratory and remediation services, which include:
 

·         risk mitigation programmes;

·         remediation plans;

·         past business reviews;

·         Enforcement advice (including Voluntary Requirements Notices [VREQs]).

 

Retained services

Our team provides a personal service, as well as technical expertise, that our clients appreciate. Our retained services can add value whether you are a small firm looking to outsource regular compliance monitoring activities, or a larger firm seeking additional support to manage a particular project, or additional resource to assist with unexpected regulatory reviews or undertake remediation programmes.

We appreciate the pressures of having to keep up to date with the volume of regulatory publications and rule changes. Even for those firms who have a full-time, dedicated compliance officer we can help you plan and prepare your business for regulatory change by horizon scanning and bringing to bare our significant regulatory experience and insight.

Risks & opportunities

We can offer you a risks and opportunities meeting. Our Regulatory Consulting experts will spend time with you to gain a sound understanding of your organization and any particular issues you face. We will seek to identify any regulatory risks that need to be managed, as well as potential opportunities that could benefit your organization.
 
This meeting enables us to get to know you and once we know and understand your priorities and needs, we can look out for you and your organization as effectively as possible.

 

Publications & events

In an increasingly complex, and at times highly volatile sector, it is vital that you keep ahead of all the new rules and regulations and how they affect your business. As a highly immersed and experienced team, our financial services sector group seeks to keep you abreast of the key changes, pressure and forces at work within the market.

Our thought leadership program features the latest research and know-how on the business, finance and regulatory issues faced by the worlds leading financial services organizations.

Regulatory consulting events
we host a number of financial services events from seminars looking at the latest developments in the industry to workshops and roundtables designed to ensure your business stays ahead of the curve.