Prepare a financial distributor for conducting regulated business
The challenge
Our client required an independent review of all SMCR functions from governance and compliance to quality control as it prepared for operating and undertaking regulated activities.
Our approach
- We undertook comprehensive interviews of the entire senior team
- We reviewed the SMCR roles and responsibilities
- We created new internal governance and compliance structures
Our delivery
- We undertook GAP analysis to identify issues in structures and proposed amendments
- New internal policies were established
- We delivered independent quality assurance
- We helped the business achieve its subsequently approved regulatory status
