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Processes and procedures
The regulators require that firms have in place processes and procedures that demonstrate good governance, a well-run firm and compliance with the requirements of initiatives such as TCF.
OAC Actuaries and Consultants have the experience to assess whether processes and procedures meet the FSA requirements, and where they are defective to suggest remedies. More specifically:
- we can review your existing procedures to see if they comply with FSA requirements, and will deliver the compliance and TCF outcomes that you require;
- we will review Management Information for senior executives to ensure it provides the necessary data to help you meet your TCF objectives;
- we advise on and develop compliance control procedures, and compliance manuals and documentation for firms;
- we provide bespoke training of staff in TCF procedures and processes, so as to reinforce TCF behaviour; and
- we review governance structures and governance capabilities of firms, to ensure compliance with statutory and other requirements.
Contact us to find out more about how OAC can help.
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