FCA Regulated firms in the UK must meet Threshold Conditions

FCA Regulated firms in the UK must meet Threshold Conditions
FCA Regulated firms in the UK must meet Threshold Conditions, these being namely.

- Location of offices.
- Effective supervision.
- Appropriate resources.
- Suitability.
- Business modelling.

The ‘mind and management’ being based in the U.K. allowing the Regulator to supervise activity more readily.

Sarah Pritchard, Executive Director, Markets and Executive Director, International, recently alluded within her speech, to an increase in overseas Directors leading U.K. Companies, and the challenges that poses to the supervision of said Firms.

Reviewing your Governance structure is all part of a wider third line audit, conducted impartially, and informing of the risk, and any outputs and actions.

Give one of the Team a call today to discuss how we can help with auditing your Firm.