Compliance Monitoring / Audit

Check and Demonstrate Your Firm's Compliance Against Each Monitoring Requirement:

  • Regulatory Business Plan Validation: Confirm the RBP outlines activities, risks, management, and future plans, with guidance explaining why this provides a strategic roadmap, aligns with FCA expectations, and enables proactive risk mitigation.

  • Business Continuity Plan Assurance: Evidence that your BCP is current, tested, and meets regulatory continuity mandates.

  • Threshold Conditions Compliance: Document UK-based head office with effective supervision and access, highlighting why this ensures FCA oversight, facilitates information sharing, and upholds authorisation criteria.

  • Leadership Qualification Check: Confirm directors and managers are fit, proper, qualified, and competent, explaining why vetted personnel reduce governance failures, align with SMCR, and demonstrate accountability to regulators.

  • Financial Resources Adequacy: Verify sufficient reserves for obligations and downturns, underscoring why prudent standards prevent insolvency risks, comply with capital rules, and evidence financial soundness.

  • Breach Procedures Implementation: Document root cause analysis, retained forms for 6 years, and timely FCA/ICO notifications, with insights on why structured responses contain incidents, enable learning, and fulfil reporting duties.

  • Conduct Rule Breach Reporting: Confirm zero-breach annual returns to FCA, including rationale on why transparent logging upholds staff integrity, supports cultural audits, and avoids enforcement actions.

  • Audit Policy and Plan Support: Verify that plans are maintained with documented audits, gap analysis, and remediation. This process explains why these efforts drive continuous improvement, identify weaknesses, and align with SYSC monitoring obligations.

  • Findings Escalation and Follow-Up: Document recorded assessments, reports to senior management, and actions, highlighting why escalation ensures oversight, timely resolutions, and defensible compliance histories.

Firms leveraging RegTechPRO slash audit time by up to 40%, gain profound insights into FCA monitoring standards, and elevate oversight from obligatory to optimised.