Banking
2023-04-13

The Financial Conduct Authority (FCA) Handbook is Now Available on Regology

Regulated firms in the UK financial services industry face a lot of rules and regulations they need to follow.

Compliance with these regulations is critical to maintaining a good reputation and avoiding costly fines or sanctions. Among the many regulatory frameworks that firms need to adhere to is the Financial Conduct Authority (FCA) Handbook.

The Handbook is essential because it provides a consolidated view of all the rules and regulations applicable to the UK's financial services industry. It is created and administered by the FCA Board under the powers given to them by the Financial Services and Markets Act 2000.The FCA Handbook covers a wide range of topics, including capital requirements, conduct of business, prudential standards, and more. The Handbook is frequently updated as regulations change, making it essential for firms to stay up-to-date with the latest versions of the Handbook.

Regulated firms have, traditionally, accessed the FCA Handbook via the FCA's website or by paying for a subscription to a third-party provider. These options can be costly and time-consuming, requiring firms to invest resources in keeping up with the latest changes and updates. But now, with the addition of the FCA Handbook to Regology's platform, firms have a new, more accessible option. Regology is a regulatory intelligence platform that helps regulated firms stay up-to-date with the latest regulations and guidelines and automate manual processes like regulatory change management.

Regology has a smart library of regulatory resources from across the globe that includes the FCA Handbook. This means that Regology customers can now access the FCA Handbook directly from the platform, making it much easier to stay up-to-date with the latest version of regulations and guidelines.In addition to providing direct access to the FCA Handbook, Regology's platform also allows customers to map their policies, risks, and controls to the Handbook. This feature can help firms ensure that they are fully compliant with the Handbook's rules and regulations. Mapping policies and controls to the Handbook can also simplify the compliance process by providing a clear understanding of which regulations apply to a firm and how they should be implemented.

Regology's platform is designed to simplify the regulatory compliance process. By providing direct access to the FCA Handbook and allowing customers to map their policies and controls to the Handbook, Regology can help firms Increase visibility into new regulatory developments, ensure compliance, and avoid costly fines or sanctions.

Overall, the addition of the FCA Handbook to Regology's platform is a significant step forward for regulated firms operating in the UK's financial services industry. By providing a more accessible and streamlined way to access the Handbook, Regology is helping firms to navigate the complex regulatory landscape more effectively and make their compliance efforts more successful.