What We Do

FCA Regulatory Support and Consultancy

We assist on all aspects of FCA regulation covering all the permissions for firms providing investment services to professional clients and eligible counterparties.

FCA permissions supported, examples

  • Advising on investments (except Pension Transfers Opt Outs)

  • Arranging (bringing about) deals in investments

  • Arranging safeguarding and administration of assets

  • Dealing in investments as agent

  • Making arrangements with a view to transactions in investments

  • Managing investments

  • Managing an unauthorised AIF

Retained Consultancy activity examples

  • Acting as an independent and second “set of eyes” on relevant aspects of the compliance regime, including submissions to the FCA and other regulatory bodies

  • Keeping the Client informed about regulatory change and assisting in implementing required changes to the compliance procedures as appropriate to the Client business

  • Working on regulatory compliance questions, projects, issues or FCA application submissions

  • Monitoring and maintaining regulatory the compliance infrastructure and documentation

  • Regulatory training, as per an agreed programme and/or ad hoc training as required

  • Providing compliance reports to the senior management of the Client detailing all aspects of the regulatory compliance activity

  • Assistance with reporting and submissions to the FCA, for instance financial and non-financial returns via FCA systems (RegData, Connect, Invoicing)

Regulatory Projects

Some of our work is one-off project by nature. We agree a fixed price in advance of any work done.

FCA applications for Authorisation

We manage the process for the FCA application

  • Information gathering

  • Form completion

  • Document writing / completion

    • Regulatory business plan

    • Financial Forecasts

  • FCA Submission

  • FCA question responses

  • Policy and procedures provision

  • Compliance manual provision

  • Personnel background checks, skills gap analysis

Compliance Training

We deliver personalised FCA Compliance training for, online or on site to

  • Senior Managers

  • Certification/Directory Staff

  • Conduct Staff

    Examples

  • Prevention of Financial Crime

  • Senior Manager Responsibility

  • FCA Regulation Overview

Compliance Reviews

We review the Compliance Infrastructure and regime for FCA authorised entities, e.g.

  • FCA Permissions

  • Compliance Manual

  • Policies and Procedures

  • Registers and Records

  • Compliance Monitoring Programme

  • Internal and External Reporting

  • Marketing Collateral

Richwell Online Compliance System

3 Levels of Service

Richwell Online Compliance System (ROCS)

The Richwell Online Compliance System (ROCS) is an easy to use, cloud-based compliance portal which is offered in conjunction with retained Richwell compliance services to provide a complete compliance control framework to meet regulatory obligations. Evidence of compliance is stored securely in one place.

ROCS offers:

  • a task management and reminders system

  • shared documents library

Accessible from anywhere, the shared folders allow client and consultant to work collaboratively in building and maintaining the required policies, procedures and registers. The task management system ensures the firm maintains a comprehensive compliance monitoring regime. All tasks and documents are tailored to the firm’s permissions and updated when new guidance and regulations are released.

Designed to “take the strain” out of the compliance workload, the service combines our consultancy with technology to:

  • Provide a familiar environment for ease of use, using standard Microsoft services

  • Provide the support you need

  • Evidence your compliance regime in one place

  • Access your compliance documentation and tasks from anywhere

For some clients, Richwell is further engaged to help complete and update relevant tasks in the system. For others, the client updates ROCS with tasks done and the evidence themselves.