Compliance Services
In line with the growing range of regulatory requirements, notably those of the Financial Services Authority (FSA), Mutual One Compliance Services team maintain a range of template documentation to assist organisations with their compliance activities.
The template documentation includes various manuals and ‘off the shelf’ terms and conditions documentation, the latter being kept current by an experienced legal professional and are designed to provide a generic solution for use by FSA regulated organisations. All the template documentation is available on-line making it very user friendly.
The following template documentation is available:
As an alternative to subscribing to the templates individually, the Compliance Collective Information Service (CCIS) is available. This provides a broader service to those who find it more cost effective than subscribing to the individual templates. This also includes access to further exclusive template documentation (listed below), email compliance query forum, one place at the Compliance Officers Forum, which take place twice a year and the Compliance Discussion Groups which take place each quarter.
The Compliance Collective Information Service template documentation includes:
The Compliance Standard Monitoring Service (CSMS) provides compliance monitoring templates that have been written using a risk based approach. This is a generic service, designed to highlight the range of areas of compliance monitoring organisations need to be aware of, as opposed to specific work programmes and recommendations on the nature and level of compliance monitoring that a Firm should be undertaking.
The standard CSMS templates include the following:
The Compliance Monitoring Templates covers the following areas
Any Firm using template documentation provided must ensure that its content is appropriate in respect of their own activities and relevant for the purpose of their own compliance requirements.
Many organisations already subscribe to Mutual One’s template documentation, with a growing number also utilising the time of Mutual One’s experienced, qualified compliance team.
For a competitive daily rate, Mutual One’s compliance team can be commissioned for compliance support. This is available on an ongoing basis where Mutual One work along side the Compliance function of the organisation providing experienced assistance to cover any skills gaps and provide additional resource to help it meet peaks in workloads
Mutual One is also able to provide a qualified experienced team to undertake specific project work, for example Board effectiveness reviews, ARROW preparation workshops and Risk Assessment Frameworks.
Finally, many organisations have highlighted the increasing importance of being able to evidence keeping their employees up to date with the range of regulatory training required, be that initial or periodic refresher training. Consequently Mutual One introduce organisations to an established provider of a range of computer based training packages, the cost per course being more advantageous by working collectively than had organisations worked and negotiated in isolation.
For further information on Mutual One Compliance Services, please contact Lesley Thacker on lesley.thacker@mutual-one.co.uk or 07855 781222