Your board has until June 29, 2026.
CoverProof finds the gap, sends the declarations, generates the evidence pack.
Identify every individual meeting the s.250(3) functional test, send zero-login declarations, and generate a board evidence pack — before June 29, 2026.
The law has changed
Section 250 doesn't extend your regulatory obligations.
It creates criminal ones.
SM&CR covers FCA-approved persons. Section 250 uses a separate functional test — reaching anyone playing a significant role in managing a substantial part of the firm's activities, regardless of FCA approval status.
Without CoverProof
FCA investigation legal fees
external counsel alone, before any fine — illustrative; varies by case
Six figures
Corporate criminal conviction
no cap — organisation is convicted
Unlimited fine
No adequate-procedures defence
unlike Bribery Act / ECCTA provisions
No safe harbour
With CoverProof
SM&CR gap analysis
Versioned classification pipeline, FCA register verified, human review required
5 min
Declarations sent
zero-login, trackable in real time
Same day
Board evidence pack
PDF/A-3B, SHA-256 hashed
Immediate
What does your Section 250 exposure actually cost?
Adjust for your firm. One enforcement case pays for years of CoverProof.
Individuals in scope
35
15 staff + 20 counterparties
Legal cost exposure
£75k+
Single enforcement case, legal fees only
CoverProof per person covered
£85
Professional annual ÷ 35 individuals
Break-even
25.1–83.6 yrs
Years of CoverProof = 1 enforcement case
How this is calculated
Individuals in scope = (staff × % outside SM&CR) + external counterparties
Legal cost exposure = single FCA enforcement investigation legal fees. Source: FCA enforcement data 2024–2025. Range: £75k–£250k. Does not include fines, regulatory remediation, reputational costs, or custodial sentences.
Cost per person covered = Professional annual plan (£2,990/year) ÷ individuals in scope.
Break-even = enforcement cost ÷ CoverProof annual cost. CoverProof pays for itself if it prevents 1 enforcement case in this many years.
Less than a compliance consultant's day rate.
A year of documented Section 250 compliance evidence.
An FCA enforcement investigation can cost six figures in external counsel fees before any fine. CoverProof Professional is £2,990/year.
See full pricing, ROI calculator and comparison table →Professional
SME compliance officers
For a compliance officer at an FCA-regulated firm managing ongoing Section 250 obligations.
£2,990/year — save £598/year
- ✓SM&CR gap analysis — versioned classifier, human review required
- ✓Unlimited declarations
- ✓Unlimited evidence packs
- ✓Counterparty compliance cycles
- ✓Declaration auto-renewal alerts
- ✓Up to 3 team members
- ✓Single FRN
- ✓Priority email support
Firm
Compliance teams, multi-site firms
For compliance teams managing Section 250 obligations across multiple sites or FRNs.
£6,990/year — save £1,398/year
- ✓Everything in Professional
- ✓Up to 3 FRNs
- ✓Unlimited team members
- ✓Priority support
- ✓Bulk re-declaration workflows
Enterprise
Banking groups, holding companies
For multi-entity groups, banking groups, and regulated subsidiaries with 3+ FRNs.
- ✓Everything in Firm
- ✓Unlimited FRNs
- ✓Dedicated compliance manager
- ✓Custom SLA and MSA
- ✓API access for HRIS integration
- ✓Bespoke evidence pack templates
No long-term contract · Cancel any time · Data export available · GDPR-compliant data processing
Questions from Compliance Directors
Straight answers. No sales language.
Does CoverProof provide legal advice?
No. CoverProof is a compliance workflow tool. It automates the gap analysis and declaration process. Your compliance team retains full responsibility for reviewing AI classifications and confirming your Section 250 coverage strategy.
Are Evidence Packs suitable for use in legal proceedings?
Evidence Packs are generated as PDF/A-3B documents (ISO 19005-3) with embedded XMP metadata, SHA-256 tamper-detection hashes recorded in the audit database at generation, and immutable timestamped audit trails. These properties are designed to meet the documentation standards required in legal and regulatory proceedings. Courts ultimately determine admissibility — no document format can guarantee that outcome.
What if we have more than 50 individuals on our register?
Our Professional plan (£299/month) supports unlimited declarations and is designed for compliance officers at FCA-regulated firms. Firm and Enterprise pricing is available for multi-entity groups and larger firms.
How long does the gap analysis take?
Import your SM&CR register CSV, click 'Run Gap Analysis', and the AI classification runs as a background job (temperature 0; prompt and response persisted to your audit trail) — typically completing in under 5 minutes for registers up to 500 individuals. Total time to first evidence pack: under an hour.
What happens if someone doesn't respond?
CoverProof tracks declaration status in real time with RAG indicators. Amber alerts trigger when declarations approach expiry. You can re-trigger declarations to non-responders in one click and download an evidence pack showing your attempts — which itself is legally significant documentation.