Navigating FCA Regulation for Funeral Plans: A Strategic Guide

This presentation provides a comprehensive overview of the FCA regulation for funeral plans, emphasizing the importance of early preparation and compliance. It outlines the FCA authorisation process, options for becoming a Principal Firm or Appointed Representative, and the critical role of MEMA Consultants in guiding businesses through these regulatory changes. The presentation concludes with actionable next steps and contact information for further assistance, ensuring your firm is well-prepared to meet FCA standards and avoid business disruptions.

1. Introduction to FCA Regulation for Funeral
Plans
Understanding FCA Regulation for Funeral Plans
Overview of FCA regulation starting July 2022.
Importance of pre-paid funeral plans.
Urgency for businesses to prepare for regulation.

2. FCA Authorisation Process
Preparing for FCA Authorisation
Importance of applying for FCA authorisation before
September 2021.
Options: Direct FCA authorisation vs. becoming an
Appointed Representative.
Impact of delayed application (higher fees, potential
business disruption).

3. Appointed Representatives and Principal Firms
Role of Principal Firms and Appointed Representatives
Explanation of the relationship between Principal Firms
and Appointed Representatives.
Considerations for firms: Solvency, suitability,
supervision.
Importance of meeting FCA’s Threshold Conditions.

4. MEMA’s Support for FCA Compliance
How MEMA Can Help You
Overview of MEMA’s services for FCA authorisation and
compliance.
Step-by-step support provided by Regulatory Advisers.
Ongoing compliance assistance post-authorisation.

5. Conclusion & Next Steps
Next Steps and Contact Information
Urgency of starting the FCA authorisation process.
Importance of compliance with FCA rules.
Contact details for consultation and further assistance.

6. CONTACT US
[email protected]
03301330811

Suite 1810, Unit 3a,34-35 Hatton Gardens, Holborn, EC1N 8DX
https://www.memaconsultants.com/

7. Thank
You.
Get In Touch With Us
[email protected] 03301330811 https://www.memaconsultants.com/