The busy season is winding up. Beyond the usual routine, there’s a lot to think about and a lot that can create volatility in our business routines, including the price of oil and the rising costs associated with inflation.
Even though change continues to happen all around us, one thing stays the same. It’s the commitment of regulators to ensure we’re doing right by our clients and abiding by all the necessary compliance guidelines.
If you’ve been busy, hectic, or distracted, we have a brief checklist that might help you make it through the following few deadlines with ease:
When sending the Form CRS to clients, keep in mind that presentation matters. If you send it along with other documents, the Form CRS must be the first document in the stack or the first PDF if it’s being sent electronically.
For example, your written supervisory manual should clearly outline your firm’s marketing procedures and the way you compensate promoters and solicitors. Ensure you’re communicating with the marketing team and comprehending their strategy in advance, so you don’t have to make manual changes on the fly (or worry that they’ll get skipped over).
As the world becomes more complex, our responsibility remains the same, to keep our organizations as compliant as possible and ensure we’re properly managing our responsibilities to our clients. It’s critical to ensure compliance programs are in good order, up to date, and being enforced, as the regulators may be more active during a COVID slowdown and more prone to show up on our doorsteps.