Within the first few days following Brexit Day, 31 January 2020, the European Securities and Markets Authority (ESMA) initiated new consultations concerning the regulatory framework for third countries like England, Northern Ireland, Wales and Scotland, who provide financial services into Europe. Changes are underway and they will take effect on 31 December 2020. Brexit Compliance Limited is uniquely focused on regulatory divergence between the UK and the European Union and can keep you up to date on the information that you need as a UK financial services firm which does business in Europe.
Technical skill and commercial judgement as a Compliance Officer are attributes which develop over time and with experience. The founder of Brexit Compliance Limited has a successful track record in the financial services sector for over 16 years; having provided regulatory compliance support to asset management and wealth management companies, in Heads of Compliance and other regulatory risk-management roles; experience of Retail, Institutional, authorised and alternative investment funds, global and UK-specific markets; and, experience in large and small-medium sized boutique organisations. The breadth of knowledge and focused support that will be brought to you as a client of Brexit Compliance will save you time, money and help to assure you of the security of your company’s future.
The Head of Compliance position has been a Senior Manager Function since 9 December 2019 for most asset managers and with the SMCR has come a heightened responsibility for the individual performing this role. Firms need to entrust their Head of Compliance to proactively keep members of staff up to date on new regulatory developments, to align the compliance team structure to commercial objectives, to effectively manage key internal stakeholders and to deliver effective regulatory communications. As a Senior Manager, the Head of Compliance must demonstrate that appropriate measures are taken on an ongoing basis to manage the regulatory risks. Brexit Compliance will support this workflow with a quality of documentation that provides robust evidence of steps taken and best practice standards followed.
For further information please go to: https://www.brexitcompliance.com/services