FCA Authorisation & Regulatory Business Plan Compliance Audit
This checklist covers compliance with Financial Services and Markets Act 2000 and applicable UK statutory requirements for financial services operations. Non-compliance can result in unlimited fines and prohibition orders under the Financial Services and Markets Act 2000, plus individual liability under the SMCR.
- Industry: Financial Services
- Frequency: Quarterly
- Estimated Time: 20-30 minutes
- Role: Compliance Director
- Total Items: 20
- Compliance: Financial Services and Markets Act 2000, FCA Principles for Business, Senior Managers and Certification Regime (SMCR), PRA Rulebook
Statutory Compliance, Registration & Risk Assessment
Verify statutory registrations, risk assessments, and Competent Person designation per UK law.
- Are all relevant statutory licences, permits, and registrations current, displayed where required, and available for inspection?
- Has a suitable and sufficient risk assessment been completed and communicated to relevant workers?
- Is a Competent Person designated for this area of compliance per the relevant statutory requirement?
- Attach photo of statutory registrations, risk assessment, and Competent Person appointment documentation:
Competence, Monitoring & Outstanding Actions
Verify worker competence, active monitoring programme, and outstanding corrective actions.
- Are all workers competent for their tasks (trained, experienced, or supervised as appropriate)?
- Is monitoring and measurement of key compliance indicators carried out at required frequencies?
- Number of outstanding corrective actions from previous inspection or audit:
- Attach photo of training records, monitoring reports, and corrective action tracker:
Emergency Procedures, Signage & Legal Notices
Verify emergency procedures, mandatory statutory signage, and drill records.
- Are emergency procedures documented, practiced through drills, and records maintained?
- Are all statutory notices, signage, and warnings correctly displayed per applicable regulations?
- Overall compliance with applicable UK statutory requirements:
- Attach photo of emergency drill records, statutory signage register, and compliance certificates:
Enforcement Compliance & Management Review
Verify enforcement notice compliance, management review programme, and senior accountability.
- Have all findings from previous regulatory inspections, enforcement notices, and prohibition orders been resolved?
- Is management review of the health and safety management system conducted at least annually?
- Number of open enforcement actions or improvement notices outstanding:
- Senior Responsible Officer certification of inspection completion:
Corrective Actions & Inspector Sign-Off
Document all deficiencies and assign corrective actions. POPProbe auto-assigns these to team members, generates a signed PDF report instantly, and tracks compliance status across all locations. -> Start free, no credit card required
- List all deficiencies identified in this inspection:
- Overall compliance status?
- Corrective actions assigned to (name and department):
- Inspector digital signature and date:
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Why Use This FCA Authorisation & Regulatory Business Plan Compliance Audit?
This fca authorisation & regulatory business plan compliance audit helps financial services teams maintain compliance and operational excellence. Designed for compliance director professionals, this checklist covers 20 critical inspection points across 5 sections. Recommended frequency: quarterly.
Ensures compliance with Financial Services and Markets Act 2000, FCA Principles for Business, Senior Managers and Certification Regime (SMCR), PRA Rulebook. Regulatory-aligned for audit readiness and inspection documentation.
Frequently Asked Questions
What does the FCA Authorisation & Regulatory Business Plan Compliance Audit cover?
This checklist covers 20 inspection items across 5 sections: Statutory Compliance, Registration & Risk Assessment, Competence, Monitoring & Outstanding Actions, Emergency Procedures, Signage & Legal Notices, Enforcement Compliance & Management Review, Corrective Actions & Inspector Sign-Off. It is designed for financial services operations and compliance.
How often should this checklist be completed?
This checklist should be completed quarterly. Each completion takes approximately 20-30 minutes.
Who should use this FCA Authorisation & Regulatory Business Plan Compliance Audit?
This checklist is designed for Compliance Director professionals in the financial services industry. It can be used for self-assessments, team audits, and regulatory compliance documentation.
Can I download this checklist as a PDF?
Yes, this checklist is available as a free PDF download. You can also use it digitally in the POPProbe mobile app for real-time data capture, photo documentation, and automatic reporting.