Applicability and impact
Record the requirements under review and the firm’s assessment of their relevance. Identify the products, teams, processes and systems potentially affected.
FCA REGULATORY CHALLENGES
Regulatory change and reporting
Turn a regulatory change into an agreed programme of business and systems work.
THE BUSINESS ISSUE
Identifying a rule change is the start of the delivery work
A change can affect products, processes, systems, supplier arrangements and reporting at the same time. Without an agreed impact assessment and delivery plan, teams can make different assumptions about what needs to change or leave dependencies unresolved.
How CoSure can help
CoSure works with your compliance and delivery teams to organise the applicability review, assess operational impacts and plan the response. We help management track the decisions and dependencies that affect delivery.
What the engagement can deliver
You receive a register of the requirements in scope, an impact assessment and a plan covering responsibilities, dependencies and review points. Reporting preparation and submission duties are agreed separately.
Discuss your requirementsManage this work in Lexa AITHE WORK WE REVIEW
Impact assessment and implementation planning
Implementation planning
Break the agreed response into deliverable work, identify dependencies and record the decisions needed before teams can proceed.
Reporting preparation
Review the source records, ownership and checks supporting the reports in scope. Identify gaps requiring resolution before management approves the output.
The proposal confirms the activities, records and teams covered, together with any specialist input required. Your firm reviews the findings and approves the response.
OTHER AREAS