‘City Limits: FCA Compliance for Financial Businesses – 2nd Edition’ by James Brilliant

Description

More than 56,000 financial businesses – from stockbrokers and independent financial advisors to credit card companies and hedge fund managers – are authorised and regulated by the Financial Conduct Authority.

These firms vary widely in the activities they carry on and the types of clients they serve. What they all have in common is an obligation to comply with an extensive and sometimes complex financial regulatory framework.

This user-friendly book is for lawyers, compliance professionals and senior managers tasked with advising on or overseeing regulatory compliance for FCA-authorised firms. It offers succinct synopses of bedrock topics within FCA compliance, covering supervisory processes, a firm’s systems and controls, and conduct of business.

New in the second edition:

• Senior Managers and Certification Regime
• MIFIDPRU prudential framework
• Covid-19 regulatory intervention
• Onshored versions of EU-derived laws and regulations

ABOUT THE AUTHOR

James Brilliant is a financial services regulatory lawyer and partner in an international asset management firm.

He has held senior legal and compliance positions in the financial sector since 2012. Before that, he was in private practice at Fred Philpott’s chambers in Gough Square and then law firms Shearman & Sterling and Kirkland & Ellis.

CONTENTS

Chapter One – Introduction
Chapter Two – Abbreviations

PART A – SUPERVISORY PROCESSES
Chapter Three – FCA Authorisation
Chapter Four – Senior Managers and Certification Regime
Chapter Five – Regulatory Supervision
Chapter Six – Enforcement

PART B – SYSTEMS & CONTROLS
Chapter Seven – Governance and Staff Organisational Requirements
Chapter Eight – Operational Infrastructure
Chapter Nine – Financial Controls
Chapter Ten – The Second and Third Lines of Defence

PART C – CONDUCT OF BUSINESS
Chapter Eleven – Treating Customers Fairly
Chapter Twelve – Website, Publicity and Marketing
Chapter Thirteen – Sector-Specific Regimes
Epilogue – On the Horizon