As part of SM&CR, FCA regulated financial services firms including banks, building societies, credit unions and insurance companies must regularly submit up-to-date directory persons data to a public register so that consumers, firms and other stakeholders can find information on key individuals working in financial services.
Ideagen have developed a system enhancement to Pentana Compliance that helps streamline this process:
Dedicated new screens within the system for Directory data
The ability for users to review, amend and confirm Directory data is accurate
Directory reporting consistent with FCA templates
Directory updated dates and robust record keeping
Workflow to support ‘movers, joiners, leavers and changes’, including Process Oversight