Preparation Is Everything

Regulatory visits will always be a stressful time for many financial institutions, but good preparation can make the

CEI Executive Coaching

for Regulatory visits

CEI Compliance
Executive Coaching for Regulatory visits We provide an opportunity for executives and other senior staff to practice responses in a safe environment with specific expert coaching and practical feedback.
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The FSAs objective is to obtain reassurance that the firm has, or will reasonably have, in place the systems and controls that will enable it to comply with the regulatory requirements.
Under the powers vested by FSMA, the FSA may visit not only the firm itself, but also its advisers, clients, counterparties and companies to which it has outsourced any of its functions. This is an essential training session if you're involved in Compliance or Risk Management. It also provides an essential insight for any senior managers who may be interviewed as part of the visit. CEI Executive Coaching for FSA Visits provides an opportunity for executives and other senior managers to practice responses in a safe environment with expert coaching and feedback. The FSA approach invariably begins with a one to one interview with the executives undertaking significant influence functions. The FSAs objective is to obtain reassurance that the firm has, or will have, in place the systems and controls that will enable it to comply. We also create a tailored bank of questions that the FSA is likely to ask based upon our intelligence from the market and the FSA's own information. Areas of interest in the initial interviews are likely to be: Risks and risk controls Strategy Corporate Governance Structures and organisation Compliance culture Managing the competence of direct reports

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This Two-Stage Workshop is designed to enable Boards, senior executives and managers to: Gain insight into the purpose and design of the FSAs supervision approach Practice responding to questions likely to be put by the FSA on an ARROW visit Experience the style and format of an FSA interview Create standard briefing documents for the firm Receive constructive and expert coaching to improve presentation of information

What we will cover

Basic elements Introduction to the FSA who, what, and why Senior Management Systems and Controls Approved Persons regime ARROW visit best approach and practice

Intermediate elements ARROW visit dealing with the interviews Operational risk Managing regulatory change Advanced elements Treating Customers Fairly Ethics Conflicts of interest Outsourcing Financial crime Enforcement

To book your Board and Executive Coaching for Regulatory visits or for further information please contact us now...

0800 68 99 689

What to Prepare

in adjacent office te room or office to use (possibly even hire one Try to ensure that the visitors have a separa office equipment (even PCs so they can log into nes and other block or serviced office centre) but use of telepho beforehand. ). It may be prudent to clarify these requirements your system of your approved possible. Provide copies (paper or electronic) Collate all your documentation as soon as you may have over documentation, any product provider POS that financial promotions log, point of sale (POS) branded. for soft copies. al promotions materials and electronic access Ensure access to your hard copies of financi expect the FSA staff a desktop unit for access to your files, DO NOT SPECIAL NOTE: If you are not able to provide them with a laptop to view from you inserted into their machines: provide to use a USB pen drive/USB stick commonplace. anything held on storage devices. Viruses are log is up to date Make sure your complaints evidence of actions s and risk register available, with documented Ensure you have a comprehensive risk analysi taken for each issue. tely. and evidence of these revisions recorded adequa Policies and procedures should be up to date be accurate and updated. Breach register and FSA contact log needs to practices. If you and reflect the current business model and Your Compliance Manual needs to be up to date the links to http://cei-compliance-limited.co.uk and follow need a consolidated and practical manual go Annual testing and ance manual understanding from all staff? Evidence of money laundering and compli ors. s) goes a long way with regulatory inspect attestations (especially from Approved Person why not. te. What has been reviewed/revised and if not, Compliance Monitoring Plan - updated and accura

And all this is just the start .......

Dont Panic if you are

informed of a visit just call
CEI on 0800 68 99 689
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