BS 8453:2011 Compliance framework for regulated financial services firms. Specification

Find Similar Items

This product falls into the following categories.

You may find similar items within these categories by selecting from the choices below:

BS 8453:2011

Compliance framework for regulated financial services firms. Specification

Status : Confirmed, Current   Published : February 2011

Format
PDF

Format
HARDCOPY



What is this standard about?

Compliance failures pose a serious risk to both financial services firms and their investors. This standard sets out a framework for managing regulatory compliance. Financial service departments which meet its requirements can operate with confidence in the knowledge that they’re using a set of best-practice systems and controls.

Who is this standard for?

  • Compliance officers and managers
  • Heads of regulation and compliance
  • Anti-money-laundering reporting officers
  • Senior management
  • Government officials dealing with compliance

Why should you use this standard?

It specifies established good practice and processes for operating an effective compliance programme to help firms meet their regulatory obligations.

It allows financial service firms to:

  • Avoid misconduct and deter criminal liabilities
  • Benchmark against a recognized framework
  • Identify opportunities to improve professionalism
  • Provide recognition of compliance policies and procedures
  • Demonstrate a commitment to compliance culture

The standard offers practical advice and guidelines to help firms foster a compliance culture from the top down; ensuring management and staff contribute to the implementation of a reliable, robust compliance function.

It looks at undertaking risk assessments, implementing the right policies and procedures to monitor compliance, as well as internal and external reporting.

By complying with this framework, users will meet regulatory obligations more easily and be able to enforce a proactive approach to training and compliance in general. The standard applies across the whole regulated sector (wholesale, retail, investment, etc).

 




Standard NumberBS 8453:2011
TitleCompliance framework for regulated financial services firms. Specification
StatusConfirmed, Current
Publication Date28 February 2011
Confirm Date01 June 2016
Cross ReferencesBS 10012, BS 18477, BS ISO 10002, BIP 0012, Money Laundering Regulations 2007, Public Interest Disclosure Act 1998, BS ISO 22222:2005
Draft Superseded By10/30210204 DC
DescriptorsFinancial institutions, Banks, Finance, Investment, Enterprises, Management, Conformity, Personnel, Training, Reports, Documents, Government
ICS03.060
03.100.60
CommitteeSVS/6/2
ISBN978 0 580 69207 9
PublisherBSI
FormatA4
DeliveryYes
Pages22
File Size3.243 MB
Price£126.00


 Your basket
Your basket is empty

Multi-user access to over 3,500 medical device standards, regulations, expert commentaries and other documents


Collaborate, Innovate, Accelerate.


BSOL

The faster, easier way to work with standards


Worldwide Standards
We can source any standard from anywhere in the world