It has been designed by compliance experts at Newgate specifically as a compliance product and solution to simplify the implementation of your compliance procedures within your firm. This system has been designed for firms within the industry and does not attempt to adapt an off-the-shelf system into a compliance product.

Key features
The Gateway system's key features are:

• a fully inclusive diarised risk-based compliance monitoring programme;
• a depositary to keep policies and procedures;
• an on-line compliance manual;
• an searchable library of compliance and regulatory news, documents and technical papers;
• links to the FCA's Handbook to applicable sections and rules together with helpful explanatory notes which explain why certain actions and duties are needed to be undertaken together with definitions of certain regulatory phrases and terms; and
• a fully robust audit trail with identification of user, amendments and timing of changes.

Key benefits
Key benefits of using the system are:

• on line storage of all compliance documents and monitoring (with the ability to print documents when desired);
• the system can be accessed from any location which has an internet connection and is entered via secure and protected login details;
• increasing the awareness of management and staff in compliance issues;
• improves controls and governance within the firm;
• in reducing compliance risk by leading users through the correct process;
• increases compliance knowledge and understanding by instilling correct processes and procedures;
• it is easy to update the compliance materials without the need reprint large amounts of information; and
• the ability to undertake quality assurance monitoring.