We have a wide range of clients regulated by the FCA. These include brokers, fund managers, corporate finance boutiques, insurance businesses and financial advisers.

The financial services sector has seen huge regulatory change over the years. The Markets in Financial Instruments Directive (MiFID), which came into effect on 1 November 2007, the rules under which financial services businesses operate are complex and their applicability vary from business to business depending upon the precise nature of the financial service or product provided and the category of authorisation obtained.  This has then subsequently been revised by MiFID II, which took effect in January 2018. This has extended the MiFID requirements in a number of areas including:

  • New market structure requirements
  • New and extended requirements in relation to transparency
  • New rules on research and inducements
  • New product governance requirements for manufacturers and distributers of MiFID ‘products’
  • Introduction of a harmonised commodity position limits regime

We, at Hazlems Fenton have trained staff who can assist you to navigate through the rules and regulations and identify the most relevant information to your particular business.

We provide a full range of FCA compliance services, including:

  • Assistance with the FCA authorisation process
  • Accounts and client money audits
  • Full statutory audit
  • Preparation of regular financial returns to the FCA such as the Retail Mediation and Activity Report (RMAR).
  • Advice on FCA supervisory matters such as the rules regarding capital adequacy for different FCA regulated financial services product providers
  • GABRIEL reporting
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