Reminder about registering your Compliance Officer with OFT
In March this year the Competition Commission introduced new PPI rules which extend beyond those of ICOBS.
These new rules are supervised by the OFT, not the FSA, and require registration of the Compliance Officer that is responsible for PPI within a firm with OFT.
The details of a firms’ Compliance Officer had to be registered with the OFT by 21 April 2011.
We are predominately a compliance consultancy firm and our aim is to assist the growth of your business, whilst providing you with industry-leading regulatory and operational support at competitive prices.
Thursday 30 June 2011
Wednesday 29 June 2011
New regulator
Here we go again FCA by 2012, OFT Financial Services sector likely to come under FCA at a later date!!
So, what does FCA stand for THE FINANCIAL CONDUCT AUTHORITY?
‘A key task will be to ensure that the conduct of participants is compatible with fair and safe markets. The FCA will, therefore, focus more closely on wholesale conduct than the FSA. It will adopt a more issues and sector-based supervisory approach across the 24,500 firms which it will regulate for conduct and prudential purposes.
A considerable investment in resources will be needed to deal with these significant
Supervisory responsibilities’
So we are going to change as well
At Deemar (UK) Limited we are keen to provide an efficient and methodical approach with our clients, providing piece of mind and more importantly providing value for money.
We are often asked ‘Can we recommend a company’ i.e. marketing companies, Data governance consultants, IT specialists, Trade marking agents, legal advice, accounts advice etc. We already deal with multiple regulators and are aware of how confusing the different regulatory requirements can be….and with regulatory issues being added through the European community it can only become more confusing.
So, we thought why not have a number of these services under one roof? This assists with compliance strategy and planning, more importantly, we ensure that it fits within your existing procedures and systems which ensures clarity and keeps the costs down for your business.
Let us have your comments on what you want from a consultancy firm.
So, what does FCA stand for THE FINANCIAL CONDUCT AUTHORITY?
‘A key task will be to ensure that the conduct of participants is compatible with fair and safe markets. The FCA will, therefore, focus more closely on wholesale conduct than the FSA. It will adopt a more issues and sector-based supervisory approach across the 24,500 firms which it will regulate for conduct and prudential purposes.
A considerable investment in resources will be needed to deal with these significant
Supervisory responsibilities’
So we are going to change as well
At Deemar (UK) Limited we are keen to provide an efficient and methodical approach with our clients, providing piece of mind and more importantly providing value for money.
We are often asked ‘Can we recommend a company’ i.e. marketing companies, Data governance consultants, IT specialists, Trade marking agents, legal advice, accounts advice etc. We already deal with multiple regulators and are aware of how confusing the different regulatory requirements can be….and with regulatory issues being added through the European community it can only become more confusing.
So, we thought why not have a number of these services under one roof? This assists with compliance strategy and planning, more importantly, we ensure that it fits within your existing procedures and systems which ensures clarity and keeps the costs down for your business.
Let us have your comments on what you want from a consultancy firm.
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