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Franklins Solicitors has a strong track record of providing guidance to senior executives and board members about their obligations to comply with regulatory compliance.
This is to ensure a business entity can meet all existing national and international laws. From a company perspective, the Companies Act 2006 is the main legislation which forms the rules by which all companies must abide by. There are a variety of additional pieces of legislation which may apply to specific companies due to the industry in which they operate such as health and safety laws, anti-money laundering, data protection, financial regulations etc.
It is critical as failure to comply can lead to financial penalties, legal action, damage to reputation and worst case, sanctions against being able to trade including being struck off at Companies House.
All company directors have fiduciary duties to act responsibly in the best interest of their companies. We are there to support and help directors comply. Some key factors to take into account would be:
Regulations common with all industries and businesses should be aware of: employment laws, health and safety requirements, consumer laws and intellectual property rights. There may also be specific business regulations relevant to your own industry.
We have a specific business orientated offering – legal process outsourcing – where we work in partnership with you and your organisation to understand your business drivers, strengths and potential weaknesses to support growth underpinned by compliance.
Corporate regulatory compliance refers to a company’s adherence to laws, regulations, guidelines, and specifications relevant to its business processes. Ensuring compliance helps companies avoid legal penalties, financial forfeiture, and damage to their reputation.
Regulatory compliance is essential as it helps businesses operate within legal frameworks, minimises the risk of penalties and lawsuits, and ensures ethical standards are met. Compliance also builds trust among stakeholders and contributes to sustainable growth.
Franklins Solicitors offers a comprehensive range of compliance services, including:
We provide tailored services to ensure your company complies with the General Data Protection Regulation (GDPR). Our services include data protection impact assessments, drafting privacy policies, staff training, and assistance with data breach response planning.
Yes, we offer bespoke compliance training programs designed to educate employees about relevant regulations and best practices. Our training enhances awareness and equips your team with the knowledge needed to maintain compliance.
It is recommended to conduct a compliance audit at least annually. However, the frequency may vary based on industry norms, the size of the company, and the complexity of applicable regulations. We can help determine an appropriate audit schedule for your business.
Absolutely. Our AML services include risk assessments, development of AML policies and procedures, staff training, and ongoing monitoring to ensure your business remains compliant with AML regulations.
Our team of solicitors has extensive experience working with diverse industries to navigate complex regulatory landscapes. We have successfully helped numerous clients achieve and maintain compliance, protecting their interests and ensuring operational integrity.
To get started, you can contact us via phone or email to schedule an initial consultation. During this meeting, we will discuss your specific needs and develop a tailored compliance strategy for your business.
If you have any questions about corporate regulatory compliance, please don’t hesitate to contact our team of experts who are on hand and ready to help you.
