Overview

Changing regulation means that Broker Dealers have an increasingly high regulatory profile. One of the reasons is your direct relationship with the customer, which means you're faced with the full force of regulation.

Customer classification, money laundering identification, knowing your client and your client's business, operational risk and outsourcing all add to the compliance burden. And if you hold customer money and assets, you will have additional responsibilities.

Money Laundering
New money laundering rules shift the emphasis away from simply ticking the boxes - towards risk-based procedures tailored to each and every business. Senior managers face particular risks - with money laundering being one of their direct responsibilities.

Have you considered the impact of these rules on you business and your procedures?

Preparing for MiFID
The Markets in Financial Instruments Directive (MIFID) will change the way you do business. Just some of the changes include client classification, conflicts of interest, information disclosure, best execution and order-handling. And although these changes come into effect in April 2007, you must act now to prepare.

CRD
Authorised to hold principal positions? Then you will be affected by the Capital Requirements Directive (CRD). To find out more, visit our Market Makers.

Prepared for anything
Have you looked at stress testing your business? For example, how will you handle cyclical recession or remote but foreseeable disasters in your market?

We work with you to pinpoint the issues which apply to your firm. We then give you the tailored advice you need - to let you get on with running your business.