Brexit Implementation

Working in a post-Brexit world with ACA

Now that the Brexit transition period has closed, many firms globally need to consider and even adapt their business models and regulatory registration arrangements to continue operating within both the UK and the EEA. This means:

  • Understanding the EU/UK Trade and Cooperation Agreement and the medium-term for financial regulation in both areas
  • European Economic Area (EEA)-based and third-country asset management firms need to consider how to maintain access to the UK market
  • UK firms need to seek a replacement to passporting in order to continue to access EEA markets.

Solutions to access the UK markets

This comprehensive offering helps firms to meet their requirements and includes authorisation project management; the implementation of compliance framework including monitoring programme; training of senior management and staff; ongoing regulatory support and advice on unlimited basis; drafting of regulatory returns and FCA notifications; and twice-yearly reviews of compliance programme. 

Whether you are submitting a full FCA license or a third-country branch application, our experienced authorisations team can support you. We will draft the FCA application package, prepare for meetings with the regulator where required, and respond to FCA due diligence requests.

To support clients wishing to simply provide investment advice, arrange deals, market funds, or provide corporate finance in the UK, ACA Mirabella offers a comprehensive, but straightforward hosted Appointed Representative solution, as well as fully hosted discretionary fund management solutions.

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Solutions to access the European markets

EEA to Third Country Branch Solution

If you need to convert the status of an entity’s branch from an EEA to a Third Country Branch, we can assist with the necessary steps necessary. This includes, the required FCA application, compliance documentation, systems and controls gap analysis and ongoing support.

If you are a UK or other non-European Economic Area (EEA) firm that wants to continue to access your EEA clients and investors, we can help with our ACA Mirabella Tied Agent MiFID-passporting solution. 

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Complementary services

If you are a firm with a UK presence, we can support you with the updating of your policies, procedures and compliance manuals, reflecting new rules and regulations following the exit of the UK from the European Union.

Most firms marketing into the European Economic Area are required to perform ‘Transparency’ or ‘Annex IV’ reporting. The scale and scope of this reporting can be significant. Our prudential specialists are on hand to help simplify this complex reporting requirement. 

We can support you with a range of solutions to assist with the ongoing compliance obligations arising from rules promulgated by the UK FCA – be they for fully authorised firms or third country branches. These include:

  • MiFID II reviews
  • SM&CR support & implementation
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Have you received your landing slot?

Did you sign up to the Brexit Temporary Permissions Regime? If so, the FCA will shortly be sending you a ‘landing slot’ to apply for full authorisation in the UK. Learn how this impacts your firm, and how we can help.
EU and UK Flags
Complimentary White Paper

Brexit: What's Next for Financial Services Firms?

The lack of substantive rules addressing financial services in the EU-UK Trade and Cooperation Agreement creates some confusion and challenges for firms.

Our free whitepaper examines a range of scenarios for how firms with a UK- and/or EEA-based presence might structure their business in a post-Brexit world.

Why work with us?

Our regulatory expertise

Our deep regulatory expertise helps clarify complex regulatory requirements. We've supported hundreds of clients through the FCA authorization process and get started through our ACA Mirabella services.

Our technology + managed services

Our scalable, award-winning ComplianceAlpha regulatory technology platform integrated with our managed services helps reduce the burden of manual day-to-day tasks while improving outcomes.

Our Mirabella regulatory hosting services

Our multi-award winning ACA Mirabella services and support allows you to seamlessly continue to access the EU.

Our team

Bobby Johal

Bobby Johal

Managing Director, UK Regulatory Compliance

Bobby Johal is responsible for regulatory implementation projects, supporting clients on regulatory challenges, such as MiFID II, IFPR and other prudential matters, EMIR, Brexit, Libor, AIFMD marketing, and SM&CR.

Martin Lovick

Martin Lovick

Director, UK Regulatory Compliance

Martin supports a broad range of clients in their FCA compliance programmes, including Brexit-related issues, IFPR, SM&CR, MiFID II, the Market Abuse Regulation and AIFMD.

Ron Weekes

Ron Weekes

Partner and CEO, ACA Mirabella

Ron Weekes heads up ACA Mirabella, which provides multi-award winning regulated hosting services for firms wishing to market or manage funds, and manages more than $20bn in assets.

Headshot of Ant Bennett

Anthony Bennett

Head of Sales and Client Development, ACA Mirabella

Anthony helps secure solutions for investment managers, advisors and arrangers, plus those involved in placing, marketing and fund distribution. Offering them a regulated route into the UK and the EU.

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Featured webcast

News

Michael Borts joins ACA Group as the new Chief Technology Officer

Michael Borts has joined the firm as Chief Technology Officer (CTO) to lead ACA’s technology development, vision, and strategy. In his role, he will oversee all product development for ACA’s award-winning ComplianceAlpha® regulatory technology platform and technology enablement at the firm.

ACA Group Acquires Catelas to Create Industry-first 360 Surveillance Offering

The acquisition of Catelas further enhances the holistic surveillance capabilities of ACA’s RegTech platform. Catelas’ patented technology automates the mapping of how people connect and form groups within a firm, isolates collusion risk, and detects high-risk behaviors.

ACA Group and the Investment Adviser Association Announce Strategic Partnership

ACA Group (ACA), a leading provider of governance, risk, and compliance (GRC) advisory services and technology solutions, today announced that it has entered into a strategic partnership with the Investment Adviser Association (IAA), a leading organization dedicated to advancing the interests of investment advisers.

Upcoming events

Common Practices for GIPS® Compliance

ACA has gathered all the common best practices of performance teams complying to the GIPS standards and will discuss the most common question we receive from clients, "What do other firms do?"

Webcast

Compliance Officer: The Roles and Responsibilities - 21 October 2021

The role of the Compliance Officer is a mandatory position in all firms in the Financial Services Industry. They play a major role in assisting Senior Management to ensure that appropriate and effective systems and controls are in place to achieve and maintain compliance with the applicable Rules. While the nature of the Compliance Function is likely to differ from one firm to another, this course provides an easy to follow breakdown of what the Regulator expects of a Compliance Officer and explains, in practical terms how the regulatory expectations and those of Senior Management can be achieved.

Online Training