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Butterworths financial services compliance manual
Butterworths Financial Services Compliance Manual provides a guide in implementing a form of internal control in accounting to ensure compliance with the Financial Services Act of 1986. The manual is organized into 11 parts; each part tackles a specific area of concern in the implementation of the Act.
Front Cover; Butterworths Financial Services Compliance Manual; Copyright Page; Table of Contents; Introduction; Institute of Chartered Accountants; Compliance within the firm; Compliance with the office; Compliance on the file; Using the manual; Categories of Authorisation; Part I: Background to legislation and compliance procedures; 1.1 Financial Services Act 1986; 1.2 The regulatory structure; 1.3 Role of Institute of Chartered Accountants; 1.4 Restrictions on type of investment; 1.5 Categories of authorisation; 1.6 Compliance organisation within the firm; 1.7 Authorisation of staff.
1.9 Insider dealingAppendix; A Extracts from Sch1 to FSA 1986; B Activities constituting investment business; C Excluded activities; Part II: Know your client; 2.1 The Investment file; 2.2 Financial summary; 2.3 Client's understanding of risk; 2.4 Letter of engagement; 2.5 Confidentiality; Appendices; A Confirmation of instruction letter; B Standard letter of engagement; C General risk disclosure statement; Part II: Limited Liability Transaction; D Additional risk disclosure statement; E Risk disclosure statement; F Stabilisation; Part III: Conduct of business; 3.1 General points on approach.
3.2 Stage 1 -- best advice3.3 Stage 2 -- instructions and transactions; 3.4 Stage 3 -- dealing with the finance; 3.5 Stage 4 -- commissions; 3.6 Stage 5 -- documents; 3.7 Stage 6 -- sign off procedures, billing; 3.8 Specific types of transactions; 3.9 Custodial investments; Part IV: Corporate finance; 4.1 Corporate finance activities; 4.2 Compliance procedures; Part V: Portfolio review; 5.1 Introduction; 5.2 Engagement letter; 5.3 Review procedures; Part VI: Discretionary management; 6.1 Introduction; 6.2 Discretionary Management Agreement; 6.3 Procedures; Part VII: Client money regulation.
7.1 Introduction7.2 Investment Business Client Bank Accounts; 7.3 Payments into Investment Business Client Bank Accounts; 7.4 Withdrawals from Investment Business Client Bank Accounts; 7.5 Accounting records relating to Client Accounts; 7.6 Monthly reconciliation; 7.7 Independent Accountant; Appendix: Extract from Financial Services (Chartered Accountants Client Money) Rules 1988; Part VIII: Central records and control; 8.1 Role of central registry; 8.2 Register of investment files; 8.3 lnvestment register; 8.4 Commission and fees register; 8.5 Client money controls; 8.6 Documents register.
8.7 Other central recordsPart IX: Compliance role; 9.1 Duties of Local Compliance Officer; 9.2 Annual Compliance Review; 9.3 Duties of Senior Compliance Officer; 9.4 Annual returns to Institute; Part X: Complaints procedures; 10.1 Internal action; 10.2 Action by Institute; Part XI: Advertising; 11.1 Cold calling; 11.2 Adverts; APPENDIX:; Notes on preparation of forms; Copies of all forms; The Investment File; Permanent File; Client Summary; Client Document Record; Client Commission Summary; Client Money Record; Financial Summary; Investment Proposals Record; Client Investment Record.
Administrative Law & Regulatory Practice