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

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

2. 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

3. 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.
4. Overall, the findings highlighted a number of the businesses were not adhering to the guidance the JFSC  published in December 2013.
   • https://www.jerseyfsc.org/industry/guidance-and-policy/compliance-monitoring/
5. 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