Our nameless compliance director is left baffled after a meeting with the FCA
Given that our company has been authorised for fewer than two years and has grown to around 35 advisers, it was no great surprise when we were asked to attend a face-to-face meeting with the Financial Conduct Authority (FCA) as part of its Business Risk Awareness Workshop (BRAW) programme. As compliance director, it made sense that I represent the company, and I can honestly say the meeting was one of the most gruelling two hours of my life. The team – Mr and Mrs FCA – wanted to dispense with pleasantries and get down to the real question: What exactly were our intentions and how were th...
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