Conflicts of Interest
Check and Demonstrate Your Firm's Compliance Against Each Conflict Requirement:
Submission Details Confirmation: Verify submission information, with guidance explaining why structured logging ensures timely and accurate conflict identification under FCA rules.
General Information Documentation: Confirm recorder name, job title, and email, including rationale on why personal accountability details support traceability and regulatory oversight.
Conflict Details Verification: Record conflict title, identification date, individuals involved (names and positions), and clients affected, and provide insights on why comprehensive documentation enables early detection and protects client interests.
Assessment Confirmation: Document the assessment of the conflict, explaining why evaluating potential impacts aligns with SYSC 10 to prevent harm and demonstrate fair market practices.
Mitigation Measures Tracking: Verify steps taken to manage or resolve the conflict, with guidance on why proactive actions reduce risks and provide evidence of effective governance.
Additional Measures Assurance: Confirm any further required measures, underscoring why ongoing adaptations strengthen controls and ensure long-term compliance.
Responsible Person Validation: Document the assigned individual for mitigation, with a rationale on why clear responsibility promotes accountability and efficient resolution.
Achieve up to 40% faster compliance proof, with clear guidance on regulator expectations.