FCA Investigations & Enforcement Action
Compliance & Regulatory
What is involved?
The financial services sector in the UK is one of the most highly regulated in the world. In the wake of many financial mis-selling scandals, not to mention the perceived failings of its predecessor relating to the global financial crisis, the Financial Conduct Authority (FCA) is willing to exercise its extensive investigatory and enforcement powers. The best approach is to minimise the risk that the FCA will knock on your door.
The FCA has administrative powers to limit or withdraw an individual or firm’s ability to operate in the financial services sector. They can also freeze assets, seek restitution, or bring criminal prosecutions.
Even if an FCA investigation does not result in any form of disciplinary or enforcement action, it places significant demands on your management time and resources, particularly in smaller firms. There is also the personal toll that these investigations take on individuals and the reputational damage they can cause.
Why choose Freeths?
- We are experienced in representing clients facing FCA investigations
- Our friendly, professional lawyers will support you in preparing for and attending FCA interviews
- As “business people first, lawyers second” we can see the situation from your point of view
Freeths are well placed to assist you in ensuring that your business structure, systems and controls are compliant with FCA rules and regulations. You can trust us to help you minimise the damage.
Call our Compliance & Regulatory team to discuss how we can help you.
If your FCA investigation results in negative preliminary findings, all is not lost. We can help FCA authorised businesses to find opportunities to secure an early resolution, thereby achieving reduced penalties. On conclusion of the investigatory stage, we will advise you on how to respond to the FCA’s preliminary findings. Our supportive lawyers can advise you on resolution strategies and preparing submissions in response.
With expert support and guidance, the process can be managed and its impact minimised, in both operational and reputational terms. If the outcome of the FCA’s investigation is sufficiently serious, you might want to challenge some or all of their findings. We can guide you through this process, make submissions on your behalf and represent you before the FCA’s Regulatory Decisions Committee if necessary.
First outing for FCA’s competition enforcement powers in suspected information exchange breach by four asset management firmsArticles 5th Dec 2017
"Simon Ellis has an unrivalled knowledge of commercial law and a strong appreciation of litigation tactics."
(The Legal 500)
- Advising clients on and co-ordinating responses to FCA information requests, whether such requests are compelled or voluntary. This is often the most demanding phase of an investigation, in terms of time and resources. We are able shoulder the burden by providing data extraction, collection and management systems and preparing written responses as required.
‘Doing the right thing’ is at the heart of Freeths. Find out more about our excellent client service and the strong set of values that guide the way we work.
Talk to us
Freeths are a leading national law firm with 13 offices across the UK. If you have a query about our services or just want to find out more, why not give us a call?
Contact: 03301 001 014