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Guide to help firms on legal issues

Compliance advisory service Janada has published a guide to help smaller financial services companies ensure they are up to speed on regulatory and legal matters.

The Regulatory Health Check is aimed at both traditional companies, ranging from IFAs to small life companies, and companies embracing e-commerce strategies.

Janada says the guide provides an effective check for those bigger firms aiming at protecting a well known brand name and those smaller ventures wanting the correct procedures from the outset.

With increasing regulation, Janada says companies need to be more aggressive in ensuring they remain compliant.

The company says that, with the growing influence of the internet, a whole new range of potential regulatory and compliance pitfalls emerge.

It sees the two key issues as being how advice will change under e-commerce and the more obvious concerns over security.

The healthcheck will not only ensure companies are compliant but that they are aware of any forthcoming legislation or regulation.

Because Janada&#39s team are primarily lawyers, they will look at areas such as data protection, competition and human rights issues.

The guide will test emp-loyees&#39 understanding of processes, identify any gaps in knowledge and procedures and install regular monitor-ing services to police new processes.

Managing director Sandra Basaran says: “The real key to our business is to provide practical, plain English help and an added resource for financial services companies wanting to ensure their full and ongoing compliance.”

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