As well as the specific elements of marketing, it is important that the structure and governance of your financial promotions regime complies with the spirit of the rules as well as the letter.
Financial Promotion Advice
Many of our team have worked as in-house compliance officers and are used to reviewing and approving financial promotions.
We also understand where the regulator is coming from, and can help you in a number of ways.
Assistance and Administration⬑ Copy Advice Service
We do the leg work so that you only need to review and approve. We:
> Review financial promotion material to ensure that it meets the FCA’s rules on ‘clear, fair and not misleading’
> Prepare verification notes
> Compile the verification pack (obtaining evidence material from your client)
> Final financial promotion and verification notes and pack are submitted to the person responsible for approval of the financial promotion for the purposes of s.21 FSMA
From £2,500* per month
*For up to 5 financial promotions per year.
Financial Promotions Administration (example package)
> Review all financial promotion material prior to approval and issuance
> Log and maintain all registers (whilst ensuring accurate and appropriate record keeping)
> Document and manage the process of financial promotions production, including all reviews, comments and issues as they arise
> Streamline the communication channels between the marketing and compliance teams for an efficient working practice
From £2,000 per month
Note: If you would like our help with a financial promotion but not on a rolling monthly basis, we also offer our Financial Promotions services for a one-off fixed fee.
Compliance Assistance and Administration (example package)
> Deal with client take-on procedures and documentation
> Monitor internal compliance with the firm’s policies and procedures and work with the whole business to gather information and resolve queries arising from the monitoring tasks
> Monthly reporting to the head of compliance/Compliance Officer
> General administration
From £1,500 per month
Should you require anything not listed, feel free to ask. The above examples are for illustrative purposes only. Duties, fees and all other terms are agreed with each business on a bespoke basis.
We would be delighted to discuss your requirements with you. Contact us.
Supporting your business on its compliance journey, every step of the way.
LS Consultancy aims to deliver effective support that drives growth and keeps costs down on a Retainer or On-Demand basis.