The UK financial services industry is heavily regulated by Financial Services Industry (FSA) rules and organisations must constantly battle to remain compliant by implementing robust security and compliance tools. Provision of education and awareness tools for staff on laws and FSA rules by employers is essential to keep staff up to date on constantly evolving regulations of the industry. Traditional means of communication used by Atlas Capital such as email and signing of hard copy documents did not guarantee staff conformity and provide adequate documentation of staff acceptance.
Douglas Sharp, Compliance Officer with Atlas Capital, comments âMetaCompliance Policy Classic is the simplest solution we have found to control the distribution of our policies to staff and provides us with full records thereof for regulatory purposes.â Atlas Capital is now armed with an efficient and intelligent policy management solution that demonstrates to regulators a âbest practiceâ approach to staff education and awareness.
Commenting on the importance for such a tool in the financial services industry, Robert OâBrien, Managing Director of Baronscourt Technology says âThroughout the world, the Financial Services industry has an obligation to meet the highest standards in information security and awareness campaigns, and has show to regulators how they are meeting these standards. The MetaCompliance suite guarantees employee participation in Policy and Compliance communication.â