Consumer Duty is a new regulatory requirement that is a top priority for the FCA. The deadline to implement these requirements is fast approaching (April and July 2023 for Milestones 2 and 3 respectively), with failure to do so likely resulting in FCA investigation. It is essential to fully implement these requirements and independently validate these to ensure full compliance.
We are experts in regulatory change, delivering start-to-finish project management to achieve the best outcomes for our clients. Our experience spans the financial services sector – our team has experience in asset and wealth management, insurance, and banking.
We quickly understand your business model, identify key areas of concern, and create a tailored solution that satisfies the regulatory requirements whilst being business friendly.
We know what a regulator wants to see and good looks like. We can validate your implementation and pick up on common flaws quickly and efficiently.
Recent examples of work:
Asset Manager: We provided a full review of the firm’s position - identifying the status quo, and in turn, granular identification of anything needed. Our team created a list of remedial actions to prevent regulatory overreach and its related cost and time implications.
Well-known Asset Manager: The Novatus experts performed validation on the client’s Implementation Plan preparatory work, readying this for stakeholder review, and guiding them through FCA submission.
Leading Asset Manager: Our team provided technical assistance and guidance on an ongoing basis to support the firm’s roll out of its Implementation Plan.