RWA introduces free regulatory gap analysis audit
From Brexit and COVID-19 to conduct rules training and ‘Dear CEO’ letters, the volume of regulatory information you receive as a broker can be high. That’s why the team at RWA Compliance has developed a unique market approach to help you identify any regulatory risks that may affect your business in the ever-changing regulatory landscape.
The RWA Horizon Mini-Audit is a free, no obligation gap analysis of your brokerage that only takes around 30 minutes and is designed to quickly identify whether a you need to take any action or not.
Why do I need an audit?
- The Horizon Mini-Audit looks specifically at the areas of increased regulatory focus, covering the recent ‘Dear CEO’ letters and well publicised concerns around governance, value measures, wind-down planning and client money
- The FCA is expecting all firms to act following its market wide communications issued during Q1 of 2020. The FCA will be contacting firms to establish what action they are taking in 2021. Some businesses have already received letters in regard to what actions they took, following the FCA COVID-19 Resilience Survey
- Participating in the RWA Horizon audit demonstrates our member are taking regulatory issues seriously. The audit provides a report (from which a plan can be built if required). This will be seen as good, strong, evidence of preliminary action a firm has taken.