Financial Services Newsletter - December 2024
Buzzacott: Financial Services Sector Team
Market leaders in audit, tax, accounting, payroll, regulatory reporting , HR and back office services for FCA businesses
As 2024 draws to a close, our team shares expert insights?and reflect?on a year marked by significant governmental and regulatory change. In this edition, we revisit?key announcements from the past 12 months and reiterate the importance of information accuracy when communicating with an increasingly vigilant regulator.
Readers will benefit from an in-depth analysis of the common pitfalls when communicating with the FCA that may result in increased and unwanted regulatory scrutiny. We also provide insight into the newly announced safeguarding rules and share commentary on key topics such as Companies House reform, and reform to the taxation of carried interest.
We hope you find the topics covered in this edition useful and informative. If you have any questions or would like to know how we could support your business, please feel free to?reach out to the team here.?
Kind regards,
Buzzacott’s Financial Services team
Communicating with the FCA
Regular communication with the FCA is a requirement for all MIFIDPRU investment firms. Firms must understand the importance of accurate reporting and information in order to reduce the likelihood of unwanted FCA scrutiny. Read more on how to ensure accuracy here.
By? Priya Mehta , Edward Fullard , Angus Peagam and Evie Panayides BFP ACA
From the regulatory hub?
Understand the changes coming for payments and e-money firms following the FCAs safeguarding consultation CP24/20.?
By Jacob Cutts and Jay Patel
Other relevant articles
With a change in government earlier this year, 2025?quickly became a?big year for reform. Companies House?introduced its first set of changes to implement the Economic Crime and Corporate Transparency Act 2023 (the ECCTA) and a two-stage reform of?the?tax treatment of carried interest was also confirmed in the July Budget. Find out more below.
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By Luke Kelly
By Antoine Housden and Matthew Baldock
Regulatory deadlines for your calendar?
Access your copy of the 2025 regulatory deadlines and get them added them added to your personal calendar with our helpful deadline timetable here.
Spotlight on Buzzacott
See how our fourth year of sponsorship went at The Winchester Ball earlier in December, celebrate our teams wins following a successful trip to the Hedgeweek European Emerging Managers Awards, and find out more about our amazing volunteers and all their fundraising efforts over the past few months.
How we support you?
Buzzacott's Financial Services team are specialists in delivering FCA regulatory reporting and advisory services, as well as accounting, audit and tax support. We take pride in talking to clients proactively, decoding new regulations, and assisting with the regulatory reporting burden. Click below to discover how we can work together.
Partner at Buzzacott | Accounting, Audit, Tax, Payroll, FCA reporting.
3 个月Thanks for everyone’s input on this! Best newsletter yet!