Online Notifications and Applications System (ONA) - All firms must register as users of the new FSA Online Notifications and Applications (ONA) system. The system allows you to submit the following applications and notifications: approved persons; appointed representatives; cancellations; variations of permission; waivers; standing data and passports. From September usage of ONA will be mandatory and will replace both Firms Online and the old paper-based applications system. Firms must register now in preparation for the change. By Gordon McMurray (23/08/10) ... more

Undertaking Home Finance Transactions - New Approved Person and Compliance Rules in PS10/9 - In PS10/9 the FSA state that they are extending the approved persons regime so that it will apply to those individuals advising on, arranging or entering into home finance business. They propose to do this through a new customer function (CF31 (home finance business). The FSA are also extending the compliance oversight function (CF10) to this sector. If you need help, please contact us. By Gordon McMurray (27/06/10) ... more

NRS Provides Added Value Compliance Services for VC, Private Equity and UCIS operators - Reinforcing its commitment to the Private Equity, Venture Capital and UCIS Operator sectors, NRS offers special terms and bespoke compliance advisory and monitoring services to UK based clients using NCM Finance as operator. For further information, please contact gordon.mcmurray@easyrule.co.uk By Gordon McMurray (12/06/10) ... more

Authorisation Work At All Time High - Help for Newstart Firms - NRS has seen a 6 fold increase in FSA Authorisation work over the last 12 months, mainly due to firms downsizing over the recent recessionary period. Benefitting from long experience and its principal base in Edinburgh, NRS is able to offer significantly lower costs to new start fims than its city based competitors. For further details contact us. By Gordon McMurray (12/06/10) ... more

NRS Offers FSA Practical Training for NEDs and Senior Executives - NRS has offered compliance training courses to a select group of its clients over the last few years. Timing is now appropriate to offer this on a wider basis to non-executive directors and senior executives who must understand the businesses they are being asked to oversee. The concise 1 day course focuses on those areas of regulation and compliance that are of greatest importance for the increasingly complex roles and responsibilities within wholesale firms. The course is delivered in Edinburgh by NRS’s senior compliance consultants (all with 20+ years' coal-face experience). Course sizes are small (maximum of 6) to encourage interaction with your fellow delegates. This course is one of a number which cover topics from money laundering to compliance officer induction programmes. For more detailed information, please contact gordon.mcmurray@easyrule.co.uk. By Gordon McMurray (12/06/10) ... more