Regtech Qomply Welcomes Former FCA Regulator Sophia Fulugunya

Award-winning regulatory technology firm, Qomply, has announced the appointment of Sophia Fulugunya as Director of Transaction Reporting. Sophia brings a wealth of experience to her new role, having spent six years at the UK Financial Conduct Authority (FCA), where she specialised in MiFID II Transaction Reporting and Instrument Reference Data regimes.

"Sophia's appointment underscores Qomply's dedication to providing quality oversight for all transaction reporting activity. Market participants will have access to a front-line expert in transaction reporting providing relevant guidance and insight. Sophia's extensive background in transaction reporting, regulatory compliance, and financial services, particularly her experience with the FCA's Markets Reporting Team, demonstrates her in-depth understanding of regulatory requirements and market dynamics. We are witnessing increased regulatory activity and Qomply is on the front-foot in ensuring our solutions and services are second-to-none," said Michelle Zak, Managing Director at Qomply.

During her tenure at the FCA, Sophia sat on the front-line within a pivotal role in the Markets Reporting Team, focusing on the review of more than 400 notifications of errors and omissions from a diverse range of firms, including major investment banks and smaller entities. Her responsibilities extended beyond error reviews, encompassing in-depth analysis to ensure the accuracy of transaction reports. 

After leaving the FCA, Sophia served as an Associate in Bovill's Capital Markets team, a leading regulatory consultancy. In this capacity, she provided clients with specialist advice and support related to transaction reporting matters.

"I am delighted to join a company that stands at the forefront of technological innovation in regulatory reporting. As an expert in this space, I've had the privilege of observing transaction reporting at various quality levels during my time at the UK regulator and in a specialist consultancy firm," said Sophia Fulugunya. "Qomply's technology, renowned for its precision and user-friendliness, empowers firms to have confidence that their reporting aligns seamlessly with the required standards."