REGULATORY EXPERTISE
SimplyBiz Compliance Director , Paul Bruns , highlights some of the challenges for 2024 and introduces the SimplyBiz Compliance Leadership team .
PAUL BRUNS
Compliance Director
Paul has been with SimplyBiz for six years and is directly authorised , supporting compliance roles with the industry for over 20 years . Initially heading up our Consultancy Services division , Paul is Compliance Director for the group and leads the team in delivering marketleading compliance support to our Members .
ALEXANDER ‘ SANDY ’ MCGREGOR
Head of Policy
Sandy has been with SimplyBiz for nine years now , having learnt all about our Members during his initial time on the Compliance Helpdesk before joining the Policy team and graduating to ‘ Head of Policy ’. Sandy and his team are responsible for studying and interpreting regulatory change and communicating it in an easy-to-understand way . The team looks to support Members by simplifying the complexity of FCA regulation wherever possible through Member updates , compliance bulletins , regulatory roundups , webinars , event presentations , Regulatory Horizon Scans and other forms of practical support . The team is at the forefront of regulatory change and is very knowledgeable about new and existing regulation , and it is the role of the Policy team to communicate these changes in a way that is engaging and supportive . The team works collaboratively with various departments across the business , including the Technical Helpdesks , Regulatory Consultancy and Authorisations teams to understand the needs of our Member firms and shape our support accordingly .
JENNIFER PEATY
Director of Regulatory Consultancy and Advice Quality
Jennifer has been with the business for eight years and now heads up our Regulatory Consultancy and Advice Quality teams . The Regulatory Consultancy team comprises of 25 Compliance Consultants based across the UK who deliver a comprehensive range of on-site and remote compliance support to Members . The team delivers firm-specific tailored support based upon needs and objectives , and can include a variety of focussed compliance audits , including work programmes covering governance risk and controls , supervision procedures , advice process and financial crime controls along with free format days to support Members in managing their Compliance Monitoring Plans , T & C requirements and ensuring that Members are delivering good customer outcomes . The Advice Quality team is here to support your business in demonstrating suitability of advice via client file assessments whilst also providing key management information to help evidence that you are meeting the FCA Consumer Duty outcomes and maintaining the body of evidence required for annual certification . At present there are in excess of 600 firms successfully using the service , which has been designed specifically for our Members , which allows for quick and easy submission of files for review . The detailed review output gives you a comprehensive assessment with a focus on FCA outcomes , the quality of the advice and how well the documentation supports your recommendations .
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