Compliance Monitor
Balancing acts
Human resources specialists struggle to comply with the provisions of an ever growing range of employment law obligations while their colleagues in financial services compliance have to contend with the FSA’s rules. Both departments need to understand the limitations that the other faces if the firm is to achieve overall compliance in both areas. Dealing with recruitment, disciplinary issues and provision of references illustrate this uneasy balancing act says Anna Fletcher, Associate, Wragge & Co.
Anna Fletcher can be contacted on tel: +44 (0) 121 213 2375; email anna_fletcher@wragge.com
The introduction of the approved persons regime has led many financial services organisations to review their internal HR
and compliance procedures, in particular to ensure compliance with both FSA rules and the vast array of legislation on employment
protection rights. Specific tensions exist is seeking to balance these requirements.