Tabaq Software selects Complyport as their preferred partner for FSA compliance support

Tabaq Software has partnered with Complyport, a UK based compliance consultancy to provide its clients specialised guidance on FSA and JSFC regulations.

Bracknell, UK – 12 April, 2010 As a vendor of Compliance supporting software, Tabaq have developed jComply, a 360° Policy and Procedure Management application that can support an organisation meet corporate governance regulations.

A heavily regulated industry such as the financial services industry requires competent and reliable support to help them meet regulations, to enrich the process; jComply provides a framework that enables an organisation to meet the auditing and reporting processes in a timely and efficient manner. However to supply the content required to fulfil this obligation it has been normal for the individual client to produce or gain access to such information.

Where the content is lacking within a client organisation, Tabaq Software have selected a number of specialist consultants to support the end client, these include information security, health and safety and clinical governance within the NHS.

The selection of Complyport will enable Tabaq Software to recommend a professional and experienced content provider for the UK FSA regulations.

About Complyport

Complyport is a leading compliance and regulatory consultancy providing bespoke, practical compliance solutions for regulated financial services firms. Established in 2001, Complyport is now one of the UK´s largest compliance consulting businesses, combining former regulators, industry practitioners and legally qualified individuals to offer clients access to an exceptional, professional team and a premium service at all levels.

Since launch, Complyport has assisted with over 400 FSA applications for Part IV Permission (regulatory licence) and has a 100% success record. The firm serves clients across all areas of regulated activities, including investment management, securities and brokerage, banking, venture capital, private equity, corporate finance and capital introduction.

Complyport regularly organises seminars, workshops and classroom-based professional development sessions for our clients and other industry professionals. These can be designed specifically for individual firms, organisations and trade bodies that reflect the increasing demand for personalisation within their training requirements, or be a general seminar on topics of interest to the regulated industry space.

Complyport is a member of the Association of Professional Compliance Consultants (APCC), a national association of professional consultants, supported by the FSA.

To learn more about Complyport visit www.complyport.co.uk.

About Tabaq Software

Tabaq Software specialises in designing and developing enterprise compliance solutions for the heavily regulated sectors such as finance and banking, healthcare, pharmaceuticals, airlines, etc. Our solutions not only help our customers mitigate the compliance risk but also help them in developing a strong compliance and corporate governance culture through training and educating their employees on the relevant policies and procedures.

Tabaq Software also provides bespoke software development services. The development services include application development, application re-engineering, application integration, mobile application development, web 2.0 development, content management systems, project management and complete outsourcing.

To find out more about Tabaq Software visit www.tabaqsoftware.com.

About jComply

jComply is a complete 360° application to introduce policies and procedures in the company. jComply enables you to create and manage policy documents using the built-in review and approval workflow, disseminates the documents to the employees, trains the employees, tests their knowledge on policies and procedures and generates reports on the company´s compliance level.

Additional modules to support the process of compliance include accident and incident management, risk assessment, audit, forms and a mobile module for supporting field workers.

In this day and age, every mid to large size company is regulated by some authority or government body. For banks and building societies, it is FSA, EU, MiFID, FATF, Basel Committee; for healthcare it is BMA, CHRE, GCC, GOC, GMC and more; for pharmaceuticals, it is BNF, MHRA, FDA; for local and Central Government, it is ODPM, DWP etc. There are standards such as Sarbanes-Oxley, Basel II, IAS, etc. to comply with, depending on the sector in which the company is operating. Internally, companies have their own policies and procedures which employees and departments need to follow. Surprisingly enough, a lot of employees are not even aware of some of the common policies relevant to their businesses.

Failure of non-compliance with the industry related directives can result in serious consequences for the organisation such as defamation, imprisonment, financial loss, sanctions, loss of customers, etc. More and more companies are embracing technology for process control. In order to not only survive but to thrive in today´s highly competitive and regulated environment, companies have to ensure that their internal policies and procedures are in compliance with external policies and directives relevant to their businesses.

To find out more about jComply visit www.jComply.com/about-jcomply.