Lesson 4.1: Overview of the firm's Policies
Introduction
In this lesson, we will explore the key policies that govern operations at rebuildingsociety.com. As a Peer-to-Peer (P2P) lending platform regulated by the Financial Conduct Authority (FCA), rebuildingsociety.com has developed a comprehensive set of policies to ensure compliance with regulatory requirements, protect stakeholders, and maintain high standards of business conduct.
Learning Objectives
By the end of this lesson, you will be able to:
- Understand the scope and importance of key policies at rebuildingsociety.com.
- Identify the main areas covered by these policies, including compliance, risk management, data protection, and more.
- Recognise how these policies support rebuildingsociety.com’s operational goals and regulatory obligations.
1. Compliance Manual
Overview:
Rebuildingsociety.com’s Compliance Manual is designed to ensure that the platform operates in full compliance with FCA regulations, the Financial Services and Markets Act 2000, and other relevant laws. This manual outlines the framework for identifying, assessing, monitoring, and reporting compliance risks across the business.
Key Components:
- Regulatory Compliance: Adherence to FCA rules, including the Senior Management Arrangements, Systems and Controls (SYSC) requirements.
- Monitoring and Reporting: Regular monitoring of compliance activities, with clear reporting lines to senior management and the FCA.
- Training and Competency: Ensures that staff are adequately trained and competent to perform their roles in compliance with regulatory requirements.
The Compliance Manual is located in the Firm's Wiki on the Project Tool.
The key parts of the Manual are: