Are the firm’s permissions correct for the activities undertaken?

Select an answer Yes
No

Is the information held by the FCA up to date? For example, controller information, Senior Management and Certification staff details and firm details.

Select an answer Yes
No

If the firm has Appointed Representatives or Introducer Appointed Representatives, does the firm have adequate controls and oversight in place for onboarding and ongoing monitoring?

Select an answer Yes
No

Is the firm aware of, and can complete, the FCA returns accurately and on time?

Select an answer Yes
No

Has the firm identified the appropriate Senior Manager and Certification staff?

Select an answer Yes
No

Does the firm have procedures in place to comply with SM&CR? Including: Statement of Responsibilities being regularly reviewed, fitness and propriety assessments being undertaken?

Select an answer Yes
No

Does the firm have compliance policies and procedures?

Select an answer Yes
No

Does the firm have, and keep up to date, a regulatory business plan?

Select an answer Yes
No

Does the firm have an appropriate Compliance Monitoring Programme for the activities undertaken?

Select an answer Yes
No

Has the firm identified and effectively managed the risks associated with the business?

Select an answer Yes
No

Does the firm collect and regularly analyse management information?

Select an answer Yes
No

Is the sales process regularly reviewed to ensure that good customer outcomes are achieved and adequate records are maintained?

Select an answer Yes
No

Are regular checks undertaken to ensure that employees are adhering to the processes in place?

Select an answer Yes
No

Does the firm have an effective complaints handling process? (I.e. regulated complaints are identified, managed and investigated in line with FCA rules.)

Select an answer Yes
No

Has the firm identified any conflicts of interest within the business and mitigated these risks? For example, are staff remuneration, incentives and performance management plans regularly reviewed?

Select an answer Yes
No

Has the firm reviewed its approach to, and treatment of, vulnerable customers? In particular: the nature and scale of the drivers of vulnerability within the customer base?

Select an answer Yes
No

Is an appropriate sign-off process in place to ensure that financial promotions adhere to FCA rules, in particular those within CONC 3?

Select an answer Yes
No

Does the firm have adequate systems and controls in place to ensure that it meets the requirements of the SYSC sourcebook? Including: processes for financial crime management and all relevant policies

Select an answer Yes
No

Does the firm provide training to ensure that all staff understand the FCA regulatory environment as well as both the firm’s and individual’s regulatory responsibilities?

Select an answer Yes
No

Take the test

Are the firm’s permissions correct for the activities undertaken?

Is the information held by the FCA up to date? For example, controller information, Senior Management and Certification staff details and firm details.

If the firm has Appointed Representatives or Introducer Appointed Representatives, does the firm have adequate controls and oversight in place for onboarding and ongoing monitoring?

Is the firm aware of, and can complete, the FCA returns accurately and on time?

Has the firm identified the appropriate Senior Manager and Certification staff?

Does the firm have procedures in place to comply with SM&CR? Including: Statement of Responsibilities being regularly reviewed, fitness and propriety assessments being undertaken?

Does the firm have compliance policies and procedures?

Does the firm have, and keep up to date, a regulatory business plan?

Does the firm have an appropriate Compliance Monitoring Programme for the activities undertaken?

Has the firm identified and effectively managed the risks associated with the business?

Does the firm collect and regularly analyse management information?

Is the sales process regularly reviewed to ensure that good customer outcomes are achieved and adequate records are maintained?

Are regular checks undertaken to ensure that employees are adhering to the processes in place?

Does the firm have an effective complaints handling process? (I.e. regulated complaints are identified, managed and investigated in line with FCA rules.)

Has the firm identified any conflicts of interest within the business and mitigated these risks? For example, are staff remuneration, incentives and performance management plans regularly reviewed?

Has the firm reviewed its approach to, and treatment of, vulnerable customers? In particular: the nature and scale of the drivers of vulnerability within the customer base?

Is an appropriate sign-off process in place to ensure that financial promotions adhere to FCA rules, in particular those within CONC 3?

Does the firm have adequate systems and controls in place to ensure that it meets the requirements of the SYSC sourcebook? Including: processes for financial crime management and all relevant policies

Does the firm provide training to ensure that all staff understand the FCA regulatory environment as well as both the firm’s and individual’s regulatory responsibilities?

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