Regulatory Readiness Reviews
Challenge
How do I know how ready I am to be authorised and regulated?
Solution
TCF can conduct a high level to in depth, depending on your need, review of your existing and planned business arrangements. This covers operational business and governance as well as compliance arrangements. Using this review, TCF will take your board/management/founders through conclusions aiming at helping you make effective choices and to put the necessary arrangements in place.
Alternatively: TCF has developed a “self-assessment” authorisation assessment questionnaire. Completing the questionnaire and returning it to TCF will trigger the development of a comprehensive report that outlines the nature and quantity of work required to align the business to match the regulator’s expectations.
Managed Service Compliance Support
Challenge
I need compliance help but I don’t need or want full time resource.
Solution
TCF offers a range of Managed Service options providing a choice of on call, on hand or partnering support from experienced compliance professionals who can help deliver, support or mentor.
Regulatory Permissions Workshop
Challenge
What are the specific permissions I will need to apply for when I submit an application for authorisation to the FCA?
Solution
TCF will deliver a 2 hour tailored workshop with TCF and our legal partners to discuss and ascertain the permissions you will require immediately and in the near future to get your business authorised.
Policy and Process Review and Improvement
Challenge
I need to have effective policies and want help in ensuring that they are in place and operating.
Solution
TCF can provide policy support from policy templates, through policy drafting to QA and review. TCF aims to ensure that the policy approach is tailored to the business and is not ‘one size fits all’ across businesses and will focus on helping you have policies in your language, fit for your business.
Tech and Systems Compliance Regulatory Assessments
Challenge
I need to be able to present my Tech structure to the regulator and understand how it will meet their expectations.
Solution
Using experienced IT and Tech resource, the TCF Team can review IT arrangements, Tech governance and support firms in providing relevant Tech assurance and documentation including the regulatory IT Controls Form and the Detailed IT Controls Form.
Senior Managers Regime and Approved Persons
Challenge
How do I ensure I have the right roles and people identified to meet the requirements on SMR or Approved Persons?
Solution
TCF offers a choice covering organisational evaluations of governance and roles, assessment of individuals, creation or QA of application documentation and coaching and mock interviews of individuals using a TCF team which has direct regulatory and SMR/Approved Persons experience to give a ‘real life’ experience.
Impact of Regulation Workshop
Challenge
How do I work out what the impacts of being regulated and authorised are going to be? How can I ensure I have information to help me make the design choices I need to make?
Solution
TCF has a time effective interactive workshop, backed up by supporting information, to take you through the key regulatory, compliance and business impacts you will need to deal with. This can be combined with the Application Starter Toolkit and a Regulatory Readiness Review.
Application Preparation and QA
Challenge
How do I know if the documents I’ve prepared for the application are of an appropriate nature and quality before I submit them?
Solution
TCF will provide 1-3 days of cost-effective, expert QA support to assess your application documentation and provide comprehensive feedback ahead of submission.
Business Model and Product Design Workshop
Challenge
What are the future regulatory challenges and implications of the Business Model & Product Design decisions I am making as I set up the business and raise funding?
Solution
TCF will facilitate a pre-briefed 2-hour regulatory impact awareness workshop that sets out clearly the regulators’ expectations and enables Start Ups to recognise the future costs and impacts of their business model and tcfproduct design choices.
Regulatory Training for Boards and Execs
Challenge
How does the Board and senior team work out what the regulatory impacts will be for the business and the implications for them and their roles?
Solution
TCF has a time effective interactive workshop for the Board and senior team which focuses on the implications from the perspective of their roles and their personal responsibilities. Carried out by a TCF Team with direct experience of this themselves, this aims to connect the regulatory perspective with senior business experience to provide practical insights.
Complaints Process Reviews
Challenge
I am concerned to ensure that I am meeting regulatory requirements on complaints handling and that I am handling customer complaints effectively to support a successful business.
Solution
Using TCF Team members experienced in dealing with Complaints Processes, regulatory requirements on complaints and remediation where things have gone wrong, you can choose the intensity and kind of support you need to deal with your complaints challenges.
Interim Compliance Support
Challenge
I need dedicated compliance help for a limited period of time.
Solution
TCF can offer compliance support on an interim basis from 1 month’s duration upwards, using experienced compliance interims.
Compliance Manager Training and Development
Challenge
I need to upskill my compliance resource and or inject more practical experience.
Solution
TCF offers a range of Compliance Training, Compliance Mentoring and Compliance Development options, tailored to the needs of the business and people concerned. This includes classroom style Compliance Courses, one to one Compliance Coaching, and mock regulatory meetings. Can be combined with Managed Service support or any of TCF’s range of workshops, training and coaching options.
Application Starter Toolkit
Challenge
What do I need to do to submit an application for authorisation? What are the timelines and the challenges? What documents do I need to create?
TCF Solution
TCF provide a high quality, low-cost “Getting Started” authorisation application toolkit that provides Start Ups with the advice, templates and tools required to make a start on the authorisation application process.
AML Process Reviews
Challenge
I want to understand how my approach to AML compares with regulatory and industry standards and expectations. I want to ensure that my AML handbook and policy is effective and accessible for my team.
Solution
TCF can undertake reviews of your AML policy, processes and approach to provide you with an evaluation and recommendations for development.
