Ocorian reappointed to FCA Skilled Persons Panel in significant milestone

Ocorian, specialist global asset servicer, has been appointed to the FCA and PRA Skilled Persons Panel following a competitive tender in a significant milestone for its regulatory consulting arm.

It successfully bid for inclusion on the panel for eight areas of regulatory expertise – demonstrating the breadth and depth of Ocorian’s regulatory capability – and has been re-appointed for another four-year term. Firms submitted bids for appointment to the panel across a two-stage tender process, which started in November last year.

Membership of the Skilled Persons Panel means a firm is part of a pre-approved list of independent third-party firms with specific skills, knowledge and expertise which the FCA can appoint to provide a view on aspects of a regulated firm’s activities.

The purpose of the panel is to provide independent expert analysis and recommendations for improvement or remediation when there are concerns about a regulated firm’s risk framework, systems or controls.

The areas of expertise Ocorian successfully bid for cover client assets and safeguarding, governance, accountability and culture, controls and risk management frameworks, conduct of business, financial crime, market abuse, prudential and adequate resources for solo-regulated firms and trade and transaction reporting.

Rebecca Thorpe, Global Head of Regulatory Consulting and Head of London, Ocorian, said: “Our appointment to the FCA Skilled Persons Panel across the eight areas of expertise we bid for is a significant milestone, highlighting the growing strength and specialist expertise of our regulatory consulting business.

“Our success in the tender process is a testament to the hard work of colleagues across the business as we continue to build a global regulatory consulting offering across the UK, the Channel Islands, Singapore, Hong Kong, Mauritius and the Americas, supporting firms of all sizes.”

For more information go to Regulatory & Compliance Services | Ocorian

About Ocorian

Ocorian is a global leader in fund services, corporate and trust services, capital markets, and regulatory and compliance support.

Unlocking new value for its clients across jurisdictions and service lines is Ocorian’s priority; it manages over 20,000 structures on behalf of 9,000+ clients, including financial institutions, large-scale international organisations, and high-net-worth individuals.

Ocorian provides fully compliant, tailored solutions that are individual to clients’ needs, no matter where in the world they hold financial interests, or however they are structured.

The group offers a full suite of corporate, fund and private client services across a network of offices spanning all the world’s financial hubs. Locations include Bermuda, BVI, Cayman, Denmark, Finland, Germany, Guernsey, Hong Kong, Ireland, Isle of Man, Jersey, Luxembourg, Mauritius, Netherlands, Norway, Singapore, Sweden, UAE, the UK, and the U.S.

To find out more about Ocorian and its services, including regulatory information, visit www.ocorian.com