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Professional Company Secretarial Solutions

Ready for GDPR?

Are you ready for GDPR? It’s a question which seems to be cropping up on an ever-increasing basis as the implementation date of 25 May gets ever closer. And yet, despite all of the publications, blogs and updates there still seems to be an element of confusion about what GDPR means for businesses, clubs and societies. Arguably one of the …

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Write less, say more

Looking back at the Financial Reporting Council’s (FRC) guidance over recent years it is perhaps of little surprise that one constant theme is the need to be clear and concise. After all, who wants to wade through multiple pages of tortuous script when a simple summary may have sufficed? On the other hand being too concise can distort meanings, leading …

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Digital government and the productivity puzzle

At the time of writing we are only in the first week of 2018 and already it is shaping up to be a year in which digital comes very much to the forefront of business. Let’s start with the general data protection regulations (GDPR) which come into force on 25th May. Essentially a replacement of the data protection regulations, complying …

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Meeting in 2018

How much time do we waste in meetings; 25%, 50%, all of it? A quick trawl of the internet indicates that when it comes to productive meeting time it’s a question of ‘you pays your money and takes your pick.’ However, one thing that the surveys and articles all agree on is that in general the meeting report card reads …

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The Senior Managers & Certification Regime – the Transition

Transitioning FCA firms and individuals As discussed in a recent Elemental news article available here, the Financial Conduct Authority (‘FCA’) is creating a new regime called the Senior Managers & Certification Regime (‘SM&CR’) that will change how individuals are assessed and held accountable for what they do. CP17/40 was published recently and concludes on 21 February 2018. The consultation provides …

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Sharpening the governance code

In its 25th year a major revision is being contemplated for the UK’s Corporate Governance code.  The revision has been much heralded, with a widespread acknowledgement that although it is still fit for purpose the time has come to ensure that the code will continue to deliver effective governance in a changing world. With this in mind the Financial Reporting …

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Governing a strong future

It is fair to say that the 2017 Autumn Budget has received a mixed reception. Delivered against a background of Brexit negotiations allied to a technological revolution which in the Chancellor’s words will “change the way we work and live and transform our living standards for generations to come” the Budget was always going to be a difficult one to …

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The Senior Managers & Certification Regime

A replacement for the Approved Persons Regime A Financial Conduct Authority (‘FCA’) consultation closed recently that will affect almost every firm that offers financial services and is regulated by the FCA. CP17/25 concluded on 3 November 2017 and the FCA expects to produce a policy statement in the summer of 2018. The consultation proposals revamp how people within FCA regulated …

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Judgements and estimates

Language on its own can be an all too imprecise medium.  When we converse we use gestures, facial expressions and tone of voice in order to enhance the meaning of our words. And our listeners respond appropriately, looking beyond the mere words to the entirety of the message in order to judge nuance or subtext. But what happens when we …

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A Guide to Protected Cell Companies: a new corporate structure for Insurance SPVs

The Risk Transformation Regulations (the ‘Regulations’) will, once enacted into law, create the protected cell company (‘PCC’). This is an entity that will be used as a multi-arrangement insurance special purpose vehicle (‘mISVP’). A PCC will be a private company limited by shares but will have unique characteristics. Designed to provide for the efficient and robust management of multiple insurance …

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