Compliance function stabilised after a sudden departure

The challenge

The firm's compliance resource left suddenly, leaving it exposed to regulatory risk and key-person risk with no one owning its obligations.

Regulatory context

Ongoing FCA compliance obligations and SYSC systems-and-controls requirements that must be maintained continuously.

What MEMA did

• Stepped in immediately to provide an interim compliance function
• Conducted a full compliance review to identify exposure
• Stabilised monitoring, policies and reporting over the interim period
• Supported the firm while it recruited a permanent replacement

Timeline

Operations stabilised over a 6-month interim engagement.

Outcome

Restored a strong compliance footing and avoided FCA escalation during the gap.