Prudential Regulatory Health Check
At Buzzacott, we’ve spent years advising hundreds of FCA-regulated firms across the financial services sector. Building on this deep expertise, we are proud to introduce our new prudential regulatory health check service, designed to give you complete confidence and peace of mind from an independent review of your existing processes.
This service is particularly relevant for firms and groups that face regulatory challenges due to:
Recent acquisitions or mergers – where regulatory processes and responsibilities need harmonising.
Poor staff handovers – ensuring continuity and accuracy despite operational changes.
Global operations – centralising understanding across jurisdictions and aligning with UK regulatory standards.
Rapid growth or restructuring – maintaining compliance during periods of expansion.
Firms under FCA scrutiny – addressing concerns and demonstrating robust governance.
Potential due diligence – preparing for investor reviews or sale processes with confidence.
Why it matters
With the FCA’s increasing reliance on RegData and data-led supervision, regulatory submissions are no longer viewed in isolation; they are actively used to assess a firm’s governance, systems, and controls. Inaccurate, inconsistent, or poorly supported data can quickly flag a firm as higher risk, prompting targeted supervisory engagement, thematic reviews, or skilled person requests.
Where weaknesses are identified, the FCA has broad powers to require further information, impose remediation plans, restrict business activity, or escalate matters through formal supervisory or enforcement channels. Even unintentional errors can undermine a firm’s credibility with the regulator, leading to sustained scrutiny and increased supervisory intensity. Robust data governance is therefore not just a reporting requirement, but a core component of demonstrating effective oversight, prudential soundness, and regulatory compliance.
What we deliver
Comprehensive compliance review
We start with a comprehensive compliance review, covering all critical areas such as FCA returns, ICARA processes, wind-down plans, and prudential rules. This ensures your regulatory obligations are met accurately and consistently.
Gap analysis
Following the review, we deliver a gap analysis with actionable recommendations, giving you clear, practical steps to strengthen your framework and address any weaknesses before they become issues. Our goal is to provide solutions that are both effective and tailored to your business model.
Board level presentations
For senior decision-makers, we prepare Board-level presentations that offer clear insights into compliance status and priorities, including considerations for international holding structures. These presentations help Boards make informed decisions and demonstrate robust governance to regulators and stakeholders.
Bespoke workshops
To empower your teams, we offer bespoke workshops and training designed for all levels of staff. These sessions build confidence and clarity, ensuring everyone understands their responsibilities and the regulatory expectations that apply to your firm.
Tailored documentation
Finally, we provide tailored documentation, including working papers and process notes, to support audit readiness and internal governance. This documentation serves as a practical resource for ongoing compliance and future reviews.
Why choose us?
Our Regulatory Health Check will provide independent assurance that your regulatory framework, data, and documentation align with FCA expectations. By identifying gaps early and strengthening controls, we will help you demonstrate robust governance today while ensuring your firm remains prepared for future regulatory change.
This service will go beyond a simple check. It will provide a comprehensive, independent assessment of your regulatory obligations, ensuring that your firm is fully prepared to meet FCA expectations. From verifying the accuracy of your FCA returns to reviewing ICARA processes, wind-down plans, and prudential compliance, we will help you identify gaps before they become issues.
Our approach will be tailored and practical. We will not just highlight risks, we will provide clear, actionable recommendations and support you in implementing them. Whether it’s preparing Board-level presentations, delivering bespoke workshops for your team, or documenting processes for audit readiness, we will act as an extension of your business.
