Preparing for the new rules
Almost every regulated firm will be affected by the implementation of two major European Directives, namely the Markets in Financial Instruments Directive (MiFID), and the Capital Requirements Directive (CRD) which is the culmination in Europe of the so-called Basel Framework. Currently the rules implementing MiFID are expected to be finalised by 30 October 2006 and firms would then be required to comply from 30 April 2007.
If your firm has an individual supervisory contact at the FSA, you have probably already received a "Dear Chief Executive" letter, which asks you to "initiate a dialogue" with them even while conceding that it remains unclear exactly how some firms will be affected by the CRD.
Need a helping hand? Try our practical approach.
UHY Hacker Young in London is a mid-tier, City-based firm of Chartered Accountants, with a long standing specialism in advising financial services businesses. Mike Egan, the partner in charge of FSA services, has over twenty years' experience in the sector. We specialise first and foremost in advising the owners and directors of smaller and medium-sized firms as to how they can achieve full compliance with the FSA rules in a clear and economical way.
We will be able to advise you as to:
- how the new Directives will affect you;
- what will stay much the same as now, what will be different and what's still being drafted by the legislators;
- what procedures you will need to have in place, and what you can start preparing for straight away.
Most of our FSA clients are small or medium-sized firms, with staff numbers between one and a few hundred. However we have also provided professional advice to some very large institutions on specific issues and projects.
The next step
If this all sounds like the answer you are looking for, we offer an introductory meeting with a UHY Hacker Young partner free of charge. All you need to do is email the partner in charge of FSA services, Mike Egan, at m.egan@uhy-uk.com , with some brief details about you and your business. We look forward to hearing from you.
 top
|
 previousnext
|
