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Expert Compliance Support

COBRA Network provides expert help and support for all our members’ Compliance needs. Our experienced consultants guide members through the intricacies and demands of FCA regulation.

Processes

The FCA demands a coordinated approach to many day-to-day insurance processes and it is vital that these are documented and that workflows and procedures are distributed, understood, and actioned by all employees. Furthermore, brokers are expected to monitor and audit these processes to ensure consistency.

COBRA conducts an initial audit and subsequent regular audits to measure the extent to which the member is meeting FCA expectations.

Where there is a shortfall COBRA provides its members with templates and workflows that can be adapted to their own business and style, ensuring that FCA requirements can be met.

Documentation

COBRA Network has tried and tested template documents available on a range of compliance issues; these can be copied and amended to suit your business in the knowledge that they comply with FCA regulations.

Broking presentations, Policies, Gap Analysis’s and spreadsheets are among these and will give you an excellent opportunity to review all your insurance-related paperwork.

Additional Support

Where appropriate to the broker’s needs COBRA Compliance can also offer a range of additional¬†support including:

  • File Reviews
  • GABRIEL Returns
  • Updates on the FCA Connect System
  • Changes in Shareholding
  • Acquisitions
  • New Authorisations
  • Changes in Approved Persons
  • Appointed Representatives
  • Introducer Appointed Representatives
  • Client Money Permissions
  • Client Money Calculations and Capital Resources Calculations

Visit the exclusive Compliance Centre in the Member Zone to access all COBRA’s Compliance downloads.

If you have any questions regarding this or any aspect of FCA compliance please do not hesitate to contact a member of the Compliance Team.

Ray Stibbards

Compliance Consultant

07711 026 900

Jenny Soper

Compliance Consultant

07976 605 902

Bev Robertson

Compliance Consultant

07817 183 392