The Internet of Things (IoT): Helpful or Harmful?
Louise Hayward | 18.09.2019
If you are a regulated business, you will have a set of rules that you need to comply with. However, regulators are increasingly not issuing prescriptive rules, but instead preferring guidelines that can be used across a range of circumstances. The problem with guidance is that there will inevitably be a level of interpretation. As experts in regulatory law, we can help interpret and define what is both compliant and best practice.
If you are one of the 56,000 financial services firms regulated by the Financial Conduct Authority (FCA), one of the 18,000 that the FCA is the prudential regulator for, or one of the 1,500 firms that are overseen by the Prudential Regulation Authority (PRA), then we can give you specific advice on the respective rule books and best practice.
We also advise firms regulated by the Pensions Regulator and professional bodies such as the Institute of Actuaries.
Trustees provide governance to tens of thousands of organisations across the UK, and many organisations – ranging from pension funds to charities – rely on the support of trustees. Many of these organisations are also regulated, and often trustees require guidance in relation to their regulatory responsibilities.
We support both organisations and their trustees.
Non-compliance with your regulator’s rules can often lead to severe punishment such as being prevented from operating a business and/or being fined. We can help ensure that you comply with the rules and guidelines, so that you can focus on running your organisation efficiently.
We look after the legal needs of many regulated organisations and have practical knowledge of how businesses are run as well as the issues they may face. We can bring this knowledge into action when looking at your regulatory regime and decide how to practically implement it to ensure compliance in a way that serves your business, your stakeholders and your regulator.
Jasnoop Cheema | 08.07.2019