Annual publication details regulatory activity, including Consumer Duty Implementation, AI and Crypto Regulation, and AML Requirements, underscoring the need for continued investment to support more comprehensive compliance structures
New York and London, October 17, 2024 – COMPLY, the premier compliance solution provider for financial services firms around the world, today announced the release of its 2024-2025 UK CCO Playbook. The annual publication, which assesses the scope and impact of current regulatory and risk trends for UK-based firms, brings the shifting state of global compliance into stark relief.
“Over the last 3 years, the FCA fines have totaled over £300 million, with 2024 year-to-date fines totaling nearly £100 million. Markedly, over that same period, the FCA’s 2022-2025 Business Plan has come into effect, with the regulator making widespread commitments to enforcing regulatory standards aimed at protecting consumers and the market at large,” said COMPLY UK Director, Compliance Advisory, Jessica Freckleton. “Such focus from the regulator has, unsurprisingly, resulted in a significant burden being placed on firms, demanding more from compliance professionals and senior managers than ever before. The UK CCO Playbook provides a detailed assessment of this regulatory activity, delivering best practices and insights which have proven to help firms make the strategic decisions and investments necessary to maintain compliance with such heightened standards.”
Highlights of the 2024-2025 UK CCO Playbook include:
- An analysis of FCA enforcement and activity, including a look at critical warnings and Dear CEO letters from the regulator
- A review of FCA focus areas, as well as industry themes, highlighting the ongoing prioritisation of consumer and market protection
- Insights into the impact of new technologies and associated risks, including Artificial Intelligence
This edition of the playbook also features extensive interviews with COMPLY Chief Product Officer David Bliss and UK Director, Compliance Advisory Jessica Freckleton. With their extensive regulatory and technological expertise, David and Jessica provide a more in-depth assessment of the scope of regulatory change and how firms can maintain compliance amid ongoing regulatory scrutiny.
“FCA-regulated firms face uniquely challenging pressures in today’s market, the extent of which only continues to grow as new risks and requirements create additional compliance burdens,” said COMPLY Chief Product Officer David Bliss. “As one of the leading global compliance providers and partners, we at COMPLY make it our duty to provide best-in-class solutions, resources, and insights to arm firms with the right practices and protocols to meet such demanding requirements. This year’s publication not only critically assesses the regulatory landscape, including a look at evolving risks like AI, but provides readers with clear direction and best practices to implement the kind of proactive compliance program needed in today’s market.”
The 2024-2025 UK CCO Playbook is available for download.
About COMPLY
COMPLY, designed specifically to address the unique use cases and regulatory challenges faced by financial services firms, is the only compliance solution provider to deliver employee and firm compliance software, services, education, and support in one comprehensive offering, ensuring that firms remain vigilant in their compliance efforts as they evolve and scale. As the global market leader and premier compliance partner, COMPLY’s software solutions are designed to manage the burden of complex compliance tasks for firms large and small. The company’s software and solutions, backed by deep industry expertise – which includes expansive knowledge in technology enablement and regulatory compliance protocols and processes – support more than 7,000 clients, including investment management firms, private equity firms, hedge funds, broker-dealers, registered investment advisers, and other financial service sector participants.
Learn more at COMPLY.com.