Promoting Professional Standards in Compliance Consultancy
The APCC is the body for compliance consultants who advise firms regulated by the Financial Services Authority in the UK. It is active in enhancing the professional standards of compliance consultants and is recognised as a trade body by the FSA.
Professional Standards
The APCC has developed a framework of Professional Standards setting out best practice guidance for compliance consultants. These Professional Standards are to be adapted to meet particular client circumstances and are not intended to be rigid statements of required conduct...
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The Steering Council
The Steering Council meets regularly and directs the business of the APCC. Members of the Steering Council are drawn from a wide cross-section of the compliance consultant community. It is intended that Steering Council members will serve for up to three years after which they will retire but may put themselves forward...
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Appointing a Consultant
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The FSA has published guidance to regulated firms on using and appointing compliance consultants. Although this guidance is directed at smaller retail firms it is relevant to all firms. The FSA expects regulated firms to identify the services they require, ensure they appoint a compliance consultancy firm that can meet their needs and then monitor the appointment and act on any recommendations received. The APCC has issued supplementary guidance when appointing a compliance consultancy firm to assist regulated firms in their selection of compliance consultant.