Prudential & Compliance Advisory
A prudential ICARA specialist offering regulatory risk advisory to FCA-authorised investment and cryptoasset firms, led by a former SMF16. Specialising in MIFIDPRU, CRYPTOPRU, Client Assets and regulatory compliance.
Regulatory challenges for investment firms
Many investment firms continue to face challenges in meeting the FCA’s expectations under MIFIDPRU.
Recent FCA reviews have highlighted issues in areas such as regulatory reporting, own funds and liquidity requirements, and CASS compliance.
Where these challenges arise, firms often require additional support to ensure their frameworks are robust, proportionate, and aligned with regulatory expectations.
Samel Risk & Compliance works alongside consulting and advisory firms that require specialist regulatory expertise.
Available to support projects on an associate or subcontract basis.
Regulatory challenges for cryptoasset firms
Many firms in the UK who provide cryptoasset services have registered with the FCA under the Money Laundering Regulations. However, a new regime for these firms will commence on 25th October 2027 which will require crytpoasset firms to be authorised by the FCA to undertake this business, either as a newly regulated firm or a variation of permission for firms already authorised for other activities.
Firms will need to submit these applications in good time to be authorised by 25th October 2027. Samel Risk & Compliance is well placed to assist with these applications to ensure that the frameworks are robust, proportionate and aligned with the FCA’s expectations.
COREPRU and CRYPTOPRU introduce a new prudential framework, including requirements relating to financial resources, risk assessment, stress testing and wind-down planning. Please see the services page for more information on how we can help.
Samel Risk & Compliance works alongside consulting and advisory firms that require specialist regulatory expertise.
Available to support projects on an associate or subcontract basis.
About Samel Risk & Compliance
We provide regulatory risk advisory to FCA-authorised investment and cryptoasset firms.
Led by Paul Bromley, who has over 30 years' experience in prudential regulation dating back to the original Capital Adequacy Directive which came into force in 1996.
The practice supports firms in building robust, proportionate frameworks aligned with FCA expectations.
Background
Chartered Accountant (ICAEW)
Former SMF16 and Risk Manager (FCA approved)
Company Secretary and Board Director with SM&CR experience
Prudential Regulation expert
Bank of England Decision Maker Panel
Experience in both bulge bracket investment banks and small boutique firms
DBS checked (enhanced)
Our Services
-
ICARA Frameworks
Preparation, review and enhancement of ICARA processes
-
Risk Management
Risk workshops, risk maps and internal control reviews
-
MIFIDPRU/ CRYPTOPRU Advisory
K-factor reviews, regulatory reporting analysis and rule interpretation
-
CASS Compliance
CMAR reporting reviews, governance frameworks and resolution packs

