Avoiding the pitfalls of an FCA themed visit

Seminar

November 7, 2018

The partners of the Norton Rose Fulbright LLP financial services team invite you to their latest breakfast briefing.

Our breakfast briefings provide insight, practical knowledge and information, and act as a forum for sharing views and advice.

The briefings are likely to be of particular value to senior and middle management within financial institutions with responsibility for compliance, capital markets, investment management, legal, risk and trading.

Programme

Whilst the FCA Business Plan 2018/19 noted that considerable time and resource will be dedicated to Brexit, this in no way diminishes the expectation that firms should continue to demonstrate that culture and good conduct are well embedded. A significant part of the FCA’s approach to supervision is thematic reviews which can be applied to a large variety of situations, firms and groups of customers.

There are a number of reasons why a firm is selected for a themed visit by the FCA. It might be that the firm is representative of a market or product or that a problem has already been identified by supervisors. When notified of an FCA themed visit firms should immediately notify senior management and create a core team to deal with the visit. This is likely to include: in-house legal, risk, compliance and appropriate business line personnel.

  • The legal and regulatory framework
  • Pre-disclosure analysis and documentation review
  • Interview preparation
  • Post thematic visit
  • Dealing with issues when there is a problem

Accreditation

The briefings count towards SRA continuing competence. There is no charge for attending.

Webcast

The briefings will be recorded via webcast and are available after the briefing.

For further information please email: financial.services@nortonrosefulbright.com

Subscribe and stay up to date with the latest legal news, information and events... Register now