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Bespoke Compliance Programmes

Insurance Mediation Directive (IMD) Compliance

In January 2005 businesses involved in general insurance had to be authorised by the Financial Services Authority (FSA); i.e. your organisation need to comply with the relevant rules of the FSA. This has an impact on both your organisations business records and capitalisation; it imposes compulsory professional indemnity insurance requirements and introduces new compliance checks which will need to be made as well as regular reporting of financial matters.

It is not difficult to achieve compliance with the FSA rules if your organisation is well structured with adequate records and you have good compliance resources. However RCL also recognise that not all organisations have a dedicated resource constantly monitoring compliance issues; that's where we come in!

We will ensure you reach all necessary compliance standards set by the FSA by providing you with all relevant assistance and documentation. Our services are designed to be cost effective and to provide excellent value for money. We invest a great deal of time and effort in designing the best core procedures and templates to allow efficient tailoring to your organisation.