Compliance framework for regulated financial services firms. Specification
|Standard number:||BS 8453:2011|
|ISBN:||978 0 580 69207 9|
This standard BS 8453:2011 Compliance framework for regulated financial services firms. Specification is classified in these ICS categories:
- 03.100.60 Accountancy
- 03.060 Finances. Banking. Monetary systems. Insurance
This British Standard specifies overarching policies, procedures and methods for operating a compliance framework (see Clause 4) within a regulated financial services firm.
This standard sets out a methodology for implementing and managing the compliance framework at both group and line level.
The extent to which the requirements of this standard are applicable to an individual firm depends on the nature, size and complexity of the firm’s business.
NOTE Firms may implement this standard in a way that is relevant, appropriate and proportionate to their business model.
The standard does not specify requirements for risk management, data protection (covered in BIP 0012 and BS 10012), complaints handling (covered in BS ISO 10002), or inclusive service provision (covered in BS 18477).