Login here: 
Click on the articles above to read more (news refreshes every 8 seconds... )
The regulatory environment is evolving quickly with a seemingly constant flow of new regulation and guidance being produced for firms to understand and implement within their businesses.
At Paradigm we understand the difficulties facing firms in not only finding the time to understand these changes and how they may affect their business, but also in successfully ensuring that these changes are implemented with the minimum effort and impact.
Principle Based Regulation (“PBR”) has introduced many challenges for regulated firms to meet their regulatory obligations. However, with these challenges we believe there are corresponding opportunities to create a compliance framework that reflects the actual working practices and risks associated with your particular business.
Please click on the following for further information:
In addition to the above, we are also able to carry out Section 166 Skilled Persons Reports. Please read on...
Section 166 Skilled Persons Review
If your firm has been placed under scrutiny by the FSA you may have been issued with a notice requiring a Skilled Persons Review to be conducted as defined under Section 166 of the Financial Services and Markets Act 2000 (FSMA). Section 166 requirements vary depending upon the scope and nature of the FSA review but they require the firm to engage an independent external expert.
Drawing on our considerable knowledge, skills and expertise Paradigm are able to carry out Section 166 Skilled Persons Reports in a wide range of areas including (but not limited to):
- Adequacy of Internal Systems and Controls
- Review of past business
- Assessment of effectiveness remedial action taken to address concerns previously raised by the FSA
- Assessment of the conduct of the firm’s activities
To discuss how we can help with the requirements of your Section 166 notice please call 0845 303 6333.
Our advice and guidance on Section 166 will always be made having considered the commercial and pragmatic consequences of the actions, and we will always discuss our advice with our clients to ensure that all parties understand their respective responsibilities.
By adopting a progressive, business-focused approach to regulatory consulting, Paradigm provides a value-adding service to our clients who need assistance with Section 166 and other compliance issues.
