Ongoing Compliance Support
Retained post-authorisation compliance support: monitoring, reporting, regulatory change, board reporting and regulator engagement for authorised firms.
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Tell us the business, the markets and your timing. Every enquiry is answered the same business day, with a written proposal: the licence, the requirements, the cost and the timeline.
Your enquiry
What we do
Authorisation is the beginning of the supervisory relationship, not the end of the regulatory work. An authorised firm has to operate the framework it described in its application, evidence that the controls work, submit accurate returns, notify material changes and respond credibly when the regulator asks questions.
Our ongoing compliance support is a retained arrangement that keeps that framework live. We run or support the compliance monitoring programme, maintain the policy suite, convert regulatory developments into control changes, prepare board and committee reporting, and support the firm through information requests and supervisory correspondence.
This service assumes the framework exists. Where it needs to be designed, restructured or extended into a new market, that work sits with our compliance advisory service, and the two are frequently sequenced together.
Baseline Review
We establish what the framework requires, what is operating and where the evidence gaps are.
Monitoring Plan
We set a risk-based annual compliance monitoring plan with defined testing and reporting.
Operate & Report
We deliver monitoring, management information, board reporting and regulatory return support on an agreed cycle.
Respond & Adapt
We support regulator engagement and implement regulatory change as it arises.
What's Included
Compliance Monitoring Programme
Risk-based annual plan, control testing, thematic reviews and documented findings with owners and deadlines.
Board & Committee Reporting
Management information that shows whether controls are working, not simply that they exist.
Regulatory Change Management
Horizon scanning translated into specific control and policy changes with implementation tracking.
Policy Maintenance
Scheduled review and update of the policy and procedure suite as rules and the business change.
Regulatory Reporting Support
Return preparation support, data quality checks and reporting governance across the return set.
Regulator Engagement Support
Assistance with information requests, notifications and supervisory correspondence.
Who this service is for
Firm types
- - Newly authorised payment institutions and EMIs
- - Registered MSBs and money transmitters
- - Cryptoasset firms operating under registration or authorisation
- - Firms without a full in-house compliance function
Situations & Triggers
- - Transitioning from authorisation to live operations
- - Preparing for a supervisory visit or examination
- - Covering capacity gaps in an existing compliance team
- - Implementing a significant regulatory change
Why firms choose Regulatory Counsel
200+ licence and registration engagements
Applications taken through regulators in the United States, the United Kingdom, Europe, Canada, Australia, the Middle East and Asia.
Senior-led
The same senior practitioners run your engagement from the first assessment to the last regulator question.
Every regulated sector
Payment, e-money, money transmission, crypto, banking, lending, insurance, mortgage and investment firms.
In writing, the same day
Every enquiry is answered the same business day, and scope, timeline and fees are set out in writing before work begins.
Related insights
Ready to get started?
Every enquiry is answered the same business day, with a written proposal.
Speak to a licensing expertFrequently asked questions
A risk-based compliance monitoring programme, policy maintenance, regulatory change management, board and committee reporting, regulatory reporting support and assistance with regulator information requests, delivered on an agreed cycle under a retained arrangement.
A compliance audit is a point in time independent review of arrangements. Ongoing compliance support is continuous operational support that keeps the framework running between reviews. Firms often use both, with independence preserved by separating the reviewer from the support team.
No. We are an advisory firm. We support firms in establishing, resourcing and maintaining their own compliance officer and MLRO arrangements, and we advise the individuals holding those responsibilities, but the responsibility remains with the firm.
It tests whether the controls the firm relies on are operating: safeguarding reconciliation, customer due diligence quality, transaction monitoring alert handling, complaints outcomes, financial promotions, reporting accuracy and the areas the firm's own risk assessment identifies as highest risk.
Yes. We help prepare the evidence pack, rehearse the internal narrative, support the firm during the engagement and manage follow-up actions and remediation commitments.
Horizon scanning is only useful when it produces action. We translate applicable developments into specific policy and control changes, assign owners and deadlines, and report implementation status to the board.
Monthly retainers scoped to the size and complexity of the business and the level of support required. Scope and deliverables are fixed in advance so the firm knows exactly what is being delivered each month.