Navigating FCA’s Consumer Duty Requirements as the Deadline Approaches
Putting The Consumer First As the Financial Conduct Authority (FCA) continues to move toward the implementation of Consumer Duty, on July 31, 2024, financial…
Consumer Duty Resources
Everything you need to prepare for the July implementation deadline.
The Cost of Non-Compliance
Regulatory bodies around the globe aren’t letting up and the cost of non-compliance can run into billions of dollars, and that’s only the financial impact.
$6.4B
Fines Issued by SEC in 2022
£215.8M
Fines Issued by FCA in 2022
CHECKLIST
Consumer Duty Checklist
To help ensure your business is Consumer Duty Compliant, we’ve created the following checklist of required and suggested tasks in need of completion prior to the July implementation deadline.
On-Demand Configurability
Extensive workflows are highly configurable, powered by conditional logic.
Multi-Jurisdictional
Tailor time zone, currency, language, and more for global employees.
Intuitive UX
Drive employee adoption with ease and simplify employee access via standard authentication and/or single sign-on.
Actionable Intelligence
Quickly and easily get real-time analytics through customizable dashboards and reports.
Multi-Layered Protection
Safeguard sensitive data with multi-layered access rights based on division, department, role, location, and more.
Future-Ready Architecture
Gain a 360-degree view of your employee compliance anywhere with scalable, cloud-ready software and integrations with Snowflake, Thoughtspot, and PowerBI.
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Consumer Duty: Why Individual Accountability and Training & Competency Solutions Matter
In the UK, the Financial Conduct Authority (FCA) is looking to bring higher and clearer standards of consumer protection in retail financial services through…
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Admiral Partners With StarCompliance To Implement SaaS SMCR Compliance Solution
Partnership reflects StarCompliance’s expanding client footprint in the United Kingdom
Webinar
The Consumer Duty’s ‘Minimal’ Impact on SMCR and How It’s Not So ‘Minimal’ At All
Sara Cody of LinkLaters LLP joins Star to shed light on what should be happening and the significant impact Consumer Duty truly has on SMCR. Get critical guidance and direction for ensuring your business can support Consumer Duty in the long term.
Accountability & Competency Solutions
Strengthen your employees’ individual accountability and effectively demonstrate compliance to regulators, all with complete traceability.
Develop a culture of compliance, drive firm-wide adoption, and protect your firm’s reputation with a solution that builds trust and certainty.
Amending F&P Forms
Amending Conduct Attestation Forms
Conduct Rule Breach Configuration
The Consumer Duty Champion
