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Although small financial advisory firms do not come under as much regulatory scrutiny as their larger counterparts, adhering to regulation remains an obligation. Firms in this sector are challenged with balancing the ever-evolving demands of regulation with servicing clients, and running a profitable business.

For small businesses, TCC offers a bespoke intermediary compliance support service that provides the ongoing, independent guidance and oversight your business needs to keep on top of regulation. We also provide specialist ad-hoc services when required.

How can we help you?

Risk Assessment

Our bespoke compliance support service will normally begin with an initial ‘risk assessment/health check’. We’ll invest time in fully understanding your business, assessing your current arrangements and explaining how they align with FCA expectations. You’ll benefit from comprehensive feedback, both verbal and written, so you’ll always be able to refer back to it when necessary.

Monitoring Programme

We will collaborate with you to develop a pragmatic, risk adjusted annual compliance monitoring programme. Our dedicated intermediary support team provide both on-site and off-site support as required. Typically we provide the following elements as part of our support package, but what you get is dictated by your programme:

  • Reviews of files, corporate governance, TCF procedures and compliance manual;
  • Training support and delivery;
  • GABRIEL reporting;
  • Complaints monitoring or handling;
  • Capital adequacy checks.
  • Training and competence supervision assistance

Ongoing Guidance

You’ll benefit from ongoing access to our team of highly experienced experts who will provide all the necessary guidance and solutions to enable you to meet any actions arising from the monitoring programme, including the provision of procedures.

You’ll have access to all our online insight and analysis and receive a monthly bulletin containing up-to-date regulatory changes, insight and analysis – see the latest issues below. Subscribe to receive the bulletin here.

Why Choose TCC?

Many firms come to TCC as they want to move away from a one-size-fits-all package compliance service that larger compliance support firms provide. Our clients prefer to be recognised as the individual, unique businesses that they are with specific compliance requirements.

We work with firms large and small and are focused on enabling our clients to achieve proportional compliance.

Latest Insights

Small Intermediaries Bulletin - March 2017

This month we explore the FCA's competition focus and how you can drive cultural change. In regulatory news we take a look at income ratios in mortgage lending, the FCA's enforcement decision-making process and HMRC legislation that might impact your clients.

Small Intermediaries Bulletin - February 2017

A month into the new year and we take a look at the key challenges for advisory firms in 2017. In particular we consider the role of culture and the upcoming amendment to the definition of regulated advice. Also on the agenda is pension transfer advice.

Small Intermediaries Bulletin - January 2017

We start the new year with an exploration into how you can navigate the perimeters around guidance and advice - the hot topic of the moment! We also take a look at how firms can use the MiFID II call recording requirements to their advantage (if they come into affect of course).

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