The most common compliance failure is not committing an offence; it is omitting an action. Mutuals exist to serve their members well and would not set out to deliberately breach rules. However, the regulatory burden is immense and complex so, for smaller organisations, omitting to do something can, and does, happen. Consequences can be serious, for the business and its Senior Managers, so Boards need to know how to govern the proper implementation of FCA & PRA Rules and Guidance.

At Mutual Governance we have a deep understanding of the FCA & PRA rules as well as UK GDPR. For example, our CEO has been involved in Compliance since 1985. We have also had significant interactions with the regulators on behalf of our clients.

By reading and interpreting all relevant rules, guidance and consultations we can do the heavy lifting for you. Our extensive background in smaller and medium sized mutuals means we are also able to utilise shared learning which helps to pitch solutions at a proportionate level. 

Our purpose is:

“To ensure firms develop, document and embed proportionate Systems and Controls appropriate for the business and which meet the expectations set out by the Regulators (PRA/FCA/ICO)”.

The techniques we use include –

·      Compliance Audits/GAP Analyses

·      Compliance Implementation Programmes

·      Compliance Monitoring Plans

·      Provision of Board Policies and Procedural Action Plans.

·      Support and guide Senior Manager Function Holders.

If you would like to discuss Compliance Governance with us then get in touch for a free consultation.