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News – 19.12.24

Buzzacott advises Rose Street Partners on its investment in Kenwood Damp Proofing PLC

Discover how Buzzacott supported Rose Street Partners on its investment in Kenwood Damp Proofing PLC … Read more

Insight – 18.12.24

Start-up guide: Everything you need to know about Tronc schemes to set your new hospitality business up for success

One challenge for new hospitality businesses is the management of tips and service charges. … Read more

Upcoming event – 16.01.25

VAT on Private School fees training

This in-depth, interactive training seminar is designed to provide school administrators, bursars, finance officers, accountants, and trustees with tailored support and expert insights on the practical implementation of VAT. … Read more

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The FCA’s latest guidance advises having ‘Skin in the game’

In its ‘finalised guidance’ (FG20/1), the FCA has once again reinforced its expectations of firms on maintaining capital adequacy.

The helpful guidance gives a clear explanation of the ‘self-assessment’ that firms need to complete and what the FCA will be looking for. The full guidance can be found here.

I would strongly recommend that you read through the guidance which is in self-explanatory bullet points format and covers the FCA’s take on: Financial resources; Systems and controls; Governance and culture; Wind-down planning; Adequate capital resources; Adequate liquid resources; and Risk management and controls framework.

If you would like further explanation, you will find our recent article on the above subject, published in AIMA’s latest journal. You can read the article here.

You can watch our recent webinar, 'The FCA's capital adequacy framework' here.

Get in touch

If you would like to speak to one of our FCA regulatory experts, you can contact Priya through the details above, speak to your usual Buzzacott contact or send us a message via the form below and we'll be in touch shortly.

About the author

Priya Mehta

+44 (0)20 7556 1372
mehtap@buzzacott.co.uk
LinkedIn

The helpful guidance gives a clear explanation of the ‘self-assessment’ that firms need to complete and what the FCA will be looking for. The full guidance can be found here.

If you would like further explanation, you will find our recent article on the above subject, published in AIMA’s latest journal. You can read the article here.

You can watch our recent webinar, 'The FCA's capital adequacy framework' here.

Get in touch