Regulatory Change Programme

With our clients and partners, ISC continues to provide cost-effective consulting. Working within the time frames set by regulators and clients, ISC has delivered successful regulatory projects, ensuring our clients are able to comply with their regulatory responsibilities.

The Brief

The client, a large UK based asset manager, engaged ISC to Programme Manage all Regulatory Change, for both direct client impact and where indirectly affected by the firm's own clients' regulatory implications. The Programme Manager is responsible for operating the effective governance of all Regulatory Change, as well reporting to the firm's C-level governance framework, ensuring all stakeholders are managed appropriately, whilst coordinating change with all impacted areas of the firm to ensure solutions are delivered within the risk framework.

Project Scope

All aspects of Regulatory change are captured within the scope of the Programme, across all relevant regulatory jurisdictions, covering UK, EUR, US and Asia. The Programme is responsible for overseeing all change within the business, where changes are larger or complex and span multiple business areas and entities, the Programme leads the implementation, mobilising projects as needed.

Our Role & Value

As Programme lead, ISC ensures that Programme governance is appropriate and operates effectively; chairing effective Steering Committees with briefed stakeholders, ensuring regulatory developments are understood by the firm and planned accordingly, with milestones, resources, risks and issues all agreed. For regulatory change, ISC ensures that business owners are assigned and equipped for robust, timely delivery; ISC provide programme and regulatory expertise to deliver effectively, identifying where business, technology and project resources are required.

The Outcome

ISC has and continues to successfully lead the client to through all required changes during this unprecedented period of regulatory development, guiding the client through all major regulations from MiFID II through to the ever-evolving ESG landscape, alongside many other regulatory deliveries, most recently covering Costs and Charges, LIBOR transition, the IFPR regime, Operational Resilience, Uncleared Margin Rules and many more.

ISC coordinated the implementation of EU regulations for SFDR Level 1 and EU Taxonomy, with SFDR level 2 reporting from 1st January 2023 including the industry led template, EET, alongside the UK and US jurisdiction requirements; particularly covering TCFD reporting and SDR / Green Taxonomy.

With increasingly complex regulations being implemented for clients, who will all comprise of their own unique entity and business structures, ISC has been able to ensure our client has quality solutions tailored for their own unique arrangements.

Client Reflections

I worked with consultants from ISC for 4+ years at Fidelity International. During this time, we found ISC consultants to be very professional and knowledgeable, particularly in the world of Investment Management. The consultants brought their experience to inject new ideas, innovation and pace in to the programmes of work. The deliverables were of excellent quality which set a precedent for others.  They were proficient in both business and technical aspects, liaising with senior business stakeholders as well as technical developers. I would not hesitate to recommend ISC.

Samantha Taylor-Smith
Fidelity International

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