News

JFSC WEBINAR Compliance monitoring - Wednesday 24 February at 14:00

05/02/2021
Compliance monitoring webinar
  1. On Wednesday 24 February at 14:00, Amanda Reilly, the JFSC Examinations Head of Unit and Senior Manager, Nicky Fagan will be hosting a webinar on compliance monitoring plans (CMP).
BACKGROUND
  1. Effective compliance monitoring (CMP) is an invaluable process that enables senior management to
    • Demonstrate that they have implemented and maintained adequate and effective systems and controls.
    • Ensure that these processes are being complied with and
    • timely action taken to remedy any deficiencies brought to their attention.
JFSC objectives
  1. The JFSC wishes to remind regulated businesses of the importance of CMP after they
    • Identified many repeated findings during the themed examination carried out last year.
    • Identified critical findings related to policies and procedures, record keeping, corporate governance, and risk assessments.
  2. Overall, the findings highlighted a number of the businesses were not adhering to the guidance the JFSC  published in December 2013.
  3. To help provide clear guidance on what is expected from regulated businesses the webinar will cover:
    • What compliance monitoring is and why it is important
    • Regulatory requirements
    • Results from the JFSC recent CMP thematic
    • What action the JFSC will be taking following the thematic
    • What steps the JFSC expect Industry to be taking

You can learn more about the webinar and sign up on the JFSC  Eventbrite page

https://www.eventbrite.co.uk/e/compliance-monitoring-webinar-tickets-140056919015