Compliance

The Compliance division is led by the AFME Compliance Committee, which comprises EMEA heads of compliance from AFME members.

The Committee provides input to a range of initiatives, with responsibility for leading work on areas such as Conduct of Business, Data Protection and Financial Crime issues. This includes matters relating to firms' relationships with European and national regulatory authorities.

Key Priorities

The Compliance Committee’s current priorities focus on a number of key areas including:

• Market Conduct, Culture and Accountability, including Corporate Governance, Whistleblower Protection, Competition Law, Markets in Financial Instruments Directive (MiFID), Investor Protection, Market Abuse Regulation (MAR) and Surveillance 
• Data Protection and e-Privacy
• Financial Crime, including Anti-Money Laundering, Tax Evasion, Sanctions and Bribery

Key Resources

• LIBOR Transition: Managing the Conduct and Compliance Risks (17 December 2019)
• The Scope and Evolution of Compliance
• Effective flow of personal data post-Brexit
• Discussion note on the framework for prudential and AML supervision for financial institutions across the EU
• Consultation Response: FCA CP 18/28 Brexit: proposed changes to the Handbook and Binding Technical Standards – first consultation: This response sets out AFME’s views on the FCA’s proposed changes in the context of the EU Withdrawal Act. (7 December 2018)
• Consultation Response: FCA CP 18/36 Brexit: proposed changes to the Handbook and Binding Technical Standards – second consultation: This response sets out AFME’s views on the FCA’s proposed changes in the context of the EU Withdrawal Act. (21 December 2018)