FCA 11 Principles of Business - Regulatory Hosting

1. Integrity – A firm must conduct its business with integrity. · 2. Skill, care and diligence · 3. Management and control · 4. Financial prudence · 5. Market ... Testimonials SturgeonStories Team OurClients Contact 02031674625 About Back SeonaidMackenzie OurHistory EqualityandDiversityPolicy OurValuesandCharitableGiving Awards Careers RegulatoryIncubation Back AppointedRepresentatives RegulatoryUmbrella RegulatoryHosting Start-UpConsultancyServices MarketingSupportandCapitalIntroduction RegulatoryTechnology PortfolioManagement ThirdPartyFundManagement Back UKSmallRegisteredAIFMintheUnitedKingdom OtherServices Back GlobalBusinessStrategyConsultancy FacilitiesAgent AIFMSolutions CorporateFinance ComplianceServices InvestorRelationServices FlatRounds–WhatAreThey? 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KIDReports News SturgeonStories Testimonials OurHistory TheTeam LegalandPolicies Back ElectronicCommunicationsDisclaimer GeneralDataProtectionRegulation(GDPR)Statement(PrivacyNotice) StewardshipCodeStatement TermsofBusiness WebsiteTermsandConditionofUse Sitemap FCA11PrinciplesofBusiness Categories: Press TheFCA have11PrinciplesofBusinesswhicharegeneralstatementsofthemainregulatoryobligationsthatapplytofirmsthatareregulatedbythem.ThePrinciplessetoutinsimpletermsthehighlevelstandardsthatallfirmsmustmeet. IfyourfirmcontravenesoneormoreofthePrinciples,itcouldfaceenforcementaction,thiscould,forexample,resultinyourfirm’sauthorisationbeingremoved. ItisvitalthatyouareawareofthesePrinciplesandensureyourfirmimplementsthemandcontinuallyreviewsthatthesestandardsarebeingmaintained. FCA11PrinciplesofBusiness 1.Integrity–Afirmmustconductitsbusinesswithintegrity. 2.Skill,careanddiligence–Afirmmustconductitsbusinesswithdueskill,careanddiligence. 3.Managementandcontrol–Afirmmusttakereasonablecaretoorganiseandcontrolitsaffairsresponsiblyandeffectively,withadequateriskmanagementsystems. 4.Financialprudence–Afirmmustmaintainadequatefinancialresources. 5.Marketconduct–Afirmmustobserveproperstandardsofmarketconduct. 6.Customers’interests–Afirmmustpaydueregardtotheinterestsofitscustomersandtreatthemfairly. 7.Communicationswithclients–Afirmmustpaydueregardtotheinformationneedsofitsclientsandcommunicateinformationtotheminawaywhichisclear,fairandnotmisleading. 8.Conflictsofinterest–Afirmmustmanageconflictsofinterestfairly,bothbetweenitselfanditscustomersandbetweenacustomerandanotherclient. 9.Customers:relationshipsoftrust–Afirmmusttakereasonablecaretoensurethesuitabilityofitsadviceanddiscretionarydecisionsforanycustomerwhoisentitledtorelyuponitsjudgement. 10.Clients’assets–Afirmmustarrangeadequateprotectionforclients’assetswhenitisresponsibleforthem. 11.Relationswithregulators–Afirmmustdealwithitsregulatorsinanopenandco-operativewayandmustdisclosetotheFCAanythingrelatingtothefirmofwhichtheFCAwouldreasonablyexpectnotice. SeetheprinciplesontheFCAHandbook. Requestacallback Pleaseenteryourdetailsbelowandwe'llcallyouback. ThissiteisprotectedbyreCAPTCHAandtheGoogle PrivacyPolicyand TermsofServiceapply.ShortlistedforWomeninComplianceAwards2020HedgeweekAwardWinner2019StartUpComplianceConsultancyFirm2018GlobalAwards–RegulatoryHostingPlatform2018GlobalAwards–BusinessStrategyConsultancy2018RegisterofSmallUKAIFMS.SturgeonVenturesisanEUVECAManager ContactUs Tel:02031674625 [email protected] ESMAFocusonReverseSolicitation SturgeonVentures January20,2022 InearlyJanuary2022ESMAreleasedacopyofaletterdated17thDecember2021(the“Letter”)whichithadsenttotheEuropeanCommissioninrelationtotheirrequestforinformationrelatingtothepracticeofreversesolicitation. Remote-HybridWorkingGuidancefromtheFCA SturgeonVentures January20,2022 Forinformation–https://www.fca.org.uk/firms/remote-hybrid-working-expectationsTheFCAReleaseditsGuidanceforRemote-HybridWorkingExpectationsinOctober2021andupdateditagainon18thJanuary2022. BestRegulatoryIncubationSolutionsProvider2021–SturgeonVentures SturgeonVentures October4,2021 SturgeonVenturesispleasedtoannouncethattheyhavewonBestRegulatoryIncubationSolutionsProvider2021fromSMENews–GreaterLondonAwards. EU’sNewCross-BorderDistributionFramework–LocalFacilitiesinMemberStates SturgeonVentures September3,2021 ThenewEUDirective2019/1160andRegulation2019/1156(the“Directive”andthe“Regulation”)(togetherthe“CBDF”)onthecross-borderdistributionofcollectiveinvestmentfundstookeffecton2August2021.Inanearlierupdate,wespecificallyexaminedthechangesthesemadeforUCITSandAIFsatthepre-marketingstage.Inthisupdate,weaddresstheimpactoftheCBDFontherequirementtomaintainlocalfacilitiesacrossMemberStates. Googleandfirmsthatadvertisefinancialservices SturgeonVentures August27,2021 AlittleeducationforLeadGeneratorswhoarecurrentlyadvertisingtheirLeadServicesonGoogle;itmayleadtootheronlineadvertiserstotakeasimilarstance. GoogleinJulyhasmadeitmandatorythatFirmsthatAdvertiseFinancialServicesmustbeeitherdirectlyFCAApprovedorbeanAppointedRepresentativeFirmofaPrincipal[…] SturgeonVenturesnowhasaTiedAgentMiFIDPassportingSolutioninGermanyforitsAppointedRepresentativesandDirectlyAuthorisedFirms SturgeonVentures August27,2021 SturgeonVenturesnowhas aTiedAgentMiFID-PassportingSolutioninGermany,toaddtoitsotherEEASolutions,aspartofitsregulatory-ecosystem. HastheAppointedRepresentativeFirmmodelforRegulatoryHostingandincubationchangedintheUKsinceBREXIT? SturgeonVentures July26,2021 SturgeonVenturesLLPcreatedandpioneeredthewholesaleAppointedRepresentativeFirmintheearly2000swiththeinnovationofthemarketleadingandaward-winning,institutionalRegulatoryIncubationforstartsupsandforoverseascompaniescomingtotheUKwhowantedtosetupa1–2-personoffice,forexample,toArrangeorAdvise(dependingonthe[…] Crosslight’sImpactReport2020/21 SturgeonVentures May5,2021 CrosslightisSturgeonVentures’chosencharityandwearepleasedtosharetheirImpactReportfor2020/21. Thiswebsiteusescookiestoimproveyourexperience.We'llassumeyou'reokwiththis,butyoucanopt-outifyouwish. 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