BS 8453 – Financial Services Compliance StandardPioneering ‘Best Practice’, Standards International have a globally recogn...
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BS 8453 Information Sheet

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BS 8453 Information Sheet

  1. 1. BS 8453 – Financial Services Compliance StandardPioneering ‘Best Practice’, Standards International have a globally recognizedreputation for independence, integrity and innovation in Financial Servicescertification that promote and share best practice. What is BS 8453?BS 8453 Financial Services Compliance has been developed by industry and BSI for the regulated financialservices sector – the standard sets out a framework for managing regulatory compliance. The standardspecifies established good practice and processes for operating an effective compliance programme. A benchmark of Best Practice• BS 8453 seeks to benchmark good practice for operating an effective compliance programme, and compliance with the standard could help firms to meet their regulatory obligations more easily (and to lower compliance risk).• BS 8453 has been positioned to complement existing regulation and terminology, but allows firms to independently benchmark against a recognised framework.• The Financial Services Authority may take into account compliance with the standard but will not discount firms who do not adopt it.• The standard is applicable across the whole regulated sector (wholesale, retail, investment). What are the benefits of certification to BS 8453?• Gaining independent certification against the standard is not mandatory, although being able to demonstrate conformity will provide assurance that the firm operates a robust compliance framework.• Provides recognition of the compliance policies and procedures. Promotes and demonstrates a compliance culture.• Independent and impartial certification may identify opportunities to improve professionalism within the organisation.• Your organisation could potentially be in a stronger position in respect of the regulatory bodies as the Financial Services Authority may take into account compliance with the standard during visits. Route to certificationDemonstrate a commitment to high standards of compliance and stand out from the crowdin four simple steps.Standards International is pioneering best practice by offering certification to BS 8453.To be one of the first organisations in the UK to be certified to BS 8453, please contactenquiries@standardsinternational.co.uk or call +44 (0)1462 790894.

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