Every trade hides behind its alphabet.
Regulatory delivery runs on acronyms — and clarity is a control. Here is every abbreviation used across the ACON site and inside a Section 166 programme, in plain English. On our main pages, hover over (or tap) any dotted-underlined acronym for the quick definition.
The name is the method: pre-built governance, structure and controls that let a bank-side S166 programme pivot safely. Also this consultancy.
The controls that detect and prevent money laundering — a frequent subject of skilled person reviews.
The bank’s normal operations — where remediation ultimately has to land, hold and be evidenced.
A division of the bank in scope of the review — findings are checked back with each BU before they are accepted.
The executive who most often carries the bank-side response to a Section 166.
The live FCA & FOS consultation on modernising the consumer redress system, with firm-side certainty on mass redress on the table.
The UK’s conduct regulator — the authority that commissions skilled person reviews and receives their reports.
The disclosure regime under which the FCA publishes its quarterly s166 commissioning data — lot mix and volumes, review by review.
The UK’s consumer redress body — jointly consulting with the FCA on redress reform.
The legislation Section 166 sits in — the source of the FCA’s power to commission a skilled person review.
The platform category — risk and compliance systems — that the ACON golden-source workbook plugs into.
Identity and risk checks a bank runs on its customers — a common remediation subject.
The data and reporting a programme and its stakeholders run on. Three audiences reading three different numbers is how confidence dies.
The confidentiality contract — ACON is happy to work under one on request.
The UK rules governing marketing emails and consent — why every ACON email carries a one-click unsubscribe.
The function that keeps governance, comms and reporting maintained ahead of delivery — in ACON’s model, on two-week sprints.
The one-page summary view of the programme plan, generated from the golden source — never maintained separately.
The traffic-light status rating used in programme reporting — honest RAG is a governance control, not decoration.
The four things a programme logs, owns and manages — the RAID log is part of the Delivery Toolkit.
A formal information demand from the skilled person or regulator. ACON runs every RFI through an SLA-timed workflow with same-day breach alerts.
Section 166 of FSMA 2000 — the FCA’s power to commission an independent ‘skilled person’ review of a regulated firm. The programme this whole site is about.
A committed turnaround time a workflow step is measured against — every ACON tracker step carries one.
The FCA’s individual-accountability rules for senior people in financial firms.
The documented, repeatable way a task is done — seeded at mobilisation, maintained by the PMO, never allowed to rot.
The senior decision-making forum a programme reports to — fed from the same golden source as everything else.
The designed future state of an organisation’s people, processes and technology — have one, or have a very expensive concept drawing.