In Support of Strategic Expansion, COMPLY Announces New UK-Based Services Team to Provide Expansive Consulting Services to UK Market and Publishes 2024 UK Regulation Rundown
London UK, February 22, 2024 – COMPLY, the global market leader of compliance software, consulting, and education resources for the financial services sector, today announced its strategic initiative to expand its UK presence through comprehensive service offerings backed by a UK-based team.
While COMPLY has had a presence in the UK market for many years, the organisation’s expansion plans will bolster its current market position and better support its UK client base. The basis of this expansion is the launch of COMPLY’s UK Compliance Consulting Services, led by the newest COMPLY UK team member, Jessica Freckleton.
Freckleton brings ten-plus years of financial compliance experience, previously serving as Deputy Compliance Officer and Legal Counsel at Melqart Asset Management (UK) Ltd. She will act as COMPLY’s Director, Compliance Advisory for the UK market.
“I am thrilled to join the organisation at this critical juncture,” said Freckleton. “Having spent years in legal and compliance – overseeing fund launches, authorisation from overseas regulators, and working in a fast-paced and changing regulatory landscape – I understand first-hand the challenges that come with navigating constraints like time, budget, and resources, while also strategically growing and evolving the business with the client’s best interest in mind. Coming into this role, I immediately saw the importance of practical advice that can be realistically implemented by firms and help them achieve compliance with confidence. COMPLY developed its Compliance Services for the UK to help clients manage their evolving regulatory requirements by providing a comprehensive review of a firm’s compliance manuals and policies. With ongoing support, training, and services provided throughout the year, our clients know they always have a partner in compliance.”
The UK Compliance Consulting Services package will include, but is not limited to:
- Full initial review of Compliance Manual and Policies and Procedures and annual review thereafter
- Compliance Monitoring Programme development and implementation
- Annual compliance training for all staff
- FCA Applications and Information Requests
- Ongoing Consulting Support
With the launch of the UK Consulting Services, COMPLY’s global comprehensive solution set supports firms in their efforts to meet regulatory requirements such as SMCR standards, cryptocurrency rules, and more. Complemented by COMPLY’s premier software, the UK Consulting Services works to arm firms with the support to evolve with regulatory demands, continuing to meet requirements from the FCA and other EU regulatory bodies.
In support of COMPLY’s UK expansion, the organisation has published its 2024 FCA Regulation Rundown, which summarises some of the key regulatory updates that firms are facing.
“As the globalisation of our clients’ businesses has increased, it has become clear that the challenge of complying with multiple regulatory regimes is immense,” said COMPLY Chief Regulatory Officer John Gebauer. “Keeping abreast of regulatory changes and concomitant obligations is one of the greatest burdens cited by the CCOs we advise. To provide our customers with services across regions, COMPLY has established compliance advisory coverage of non-US regulations, and this report is a direct result of our presence in the UK market. I believe this report will be a valuable reference for UK-centric firms and a worthy companion to our U.S. Regulatory Rundown report for firms operating in both the U.S. and UK.”
The 2024 FCA Regulation Rundown is available for download.
Contact COMPLY to learn more about its product and service offerings.
About COMPLY
As a global market leader in regulatory compliance solutions, COMPLY combines the power of regulatory technology, services, and education to empower Chief Compliance Officers (CCOs) and compliance professionals to easily navigate the regulatory landscape. COMPLY enables firms to scale their growth while remaining vigilant in their compliance efforts by providing solutions designed to manage the burden of complex compliance tasks. Our deep bench of industry expertise – which includes expansive knowledge in technology enablement and regulatory compliance protocols and processes from our product portfolio offerings ComplySci, RIA in a Box, and NRS — supports 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.
COMPLY continually supports clients in their work to proactively address core compliance challenges – minimizing risk, addressing critical priorities, and meeting new demands as the industry evolves and the firm scales.
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Media Contacts
Brianna Fredriksen
COMPLY