This survey is provided by BRC Associate Member, Forvis Mazars.

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Across the financial services industry, compliance functions are under pressure to support firms in meeting regulatory requirements and delivering good customer outcomes. This is an equally important consideration for retailers that offer financial services products to their customers and are subject to Financial Conduct Authority regulation. Whilst there are clear regulatory expectations to have an effective compliance function in place, there is limited guidance as to what it should look like in practice.

We are conducting a survey aimed at gaining valuable insights on the structure, responsibilities, and challenges faced by compliance professionals in the financial services sector. The objective is to collate data that highlights the evolving role of compliance, identifies key issues and potential areas of best practice.

By participating in the survey, you will contribute to an analysis that aims to provide actionable insights. You will help to identify key trends, best practice, and common obstacles within the compliance function, which will provide a clearer understanding of how firms are adapting to regulatory demands. Participants will receive a summary of the findings, helping them to stay informed and improve their own compliance practices.

We would be grateful if you could take five minutes to share your views on the structure, responsibilities, and challenges for compliance. By responding, you will be helping us to gain meaningful insights which we will communicate with you in due course.