Systems & Controls
Check and Demonstrate Your Firm's Compliance Against Each SYSC Requirement:
Apportionment Record Maintenance: Confirm a clear, written record of significant responsibilities with named individuals, prompt changes, and six-year historic retention, with guidance explaining why this promotes accountability under SYSC 2, supports SM&CR alignment, and facilitates FCA inspections.
Role Descriptions and Documentation: Verify up-to-date statements for directors and SMFs via governance charts or job descriptions, including rationale on why this clarifies responsibilities, enhances oversight, and evidences structured governance per SYSC 2.
SMF Approval and Training Assurance: Document proper approvals, regulatory training, and supportive frameworks for SMFs, highlighting why this demonstrates effective control, mitigates risks, and complies with SM&CR duties for senior managers.
Named Maintainer and Review Process: Confirm a designated individual for record upkeep with updates on changes, explaining why this ensures ongoing accuracy, adapts to organisational shifts, and upholds SYSC 2 accountability standards.
Insurance Distribution Allocation (Where Applicable): Verify responsibility assignments for policies in line with SYSC 3.1.1R and monitoring, underscoring why this integrates insurance-specific controls, prevents gaps, and aligns with broader governance.
Exemption Qualification Assessment: Document checks for exemptions like PRA Solvency II, with insights on why this avoids unnecessary burdens, tailors requirements, and maintains compliance without over-apportionment.
Firms leveraging RegTechPRO achieve up to 40% faster SYSC reviews, with clear guidance on FCA expectations, turning systems oversight into efficient, defensible practices.