Handling an FCA investigation

Tuesday 8th December, 2020

Delivered Virtually, Online Workshop

Attendee Fees: Non-members: £450 (VAT Exempt), Members: £225 (VAT Exempt)

Time: 09:30 - 13:00

Duration: 4 hours

This event has passed.

Duration: 3.5 hours
Timezone: BST
Timings: 9.30-13.00 (a break will be provided)

FCA is using its investigative powers with greater frequency than ever and continuing to pursue “credible deterrence”. What would happen in the event of a raid or investigation? What strategies can we use to manage the situation? What does this tell us about what we can do to be prepared? Navigating through an anonymised real case, this course takes a practical view, emphasising the issues affecting compliance professionals.

Course Overview

Gain an understanding of the extent and nature of the FCA’s information-gathering powers and what might trigger their use
Understand what aspects you can/cannot control and how to ensure rapid and authoritative decision-making and keep a degree of control over the process
The value of a well-drilled Dawn Raid Policy and Procedure
See how a raid and its aftermath can unfold and common mistakes firms make
What does this tell you about how you can “fix the roof while the sun shines”?

Agenda

Introduction
FCA’s enforcement and investigation powers
What can trigger an investigation?
Mechanics of a raid – what do you need to know?
What information will be sought?
How investigations progress
Negotiating the settlement
“Fixing the roof while the sun shines

Trainer

The session will be delivered by Gary Pitts.

Gary has been a compliance professional for over 25 years, having started his career at Lautro and the Personal Investment Authority and including spells at Threadneedle, Henderson (managing the N2 transition), Head of Compliance at hedge fund Brevan Howard and Head of Compliance Europe, Mid-East, Africa and Japan for a boutique investment bank. Since 2013 he has run his own regulatory and training consultancy, Tetractys, with operations in the UK and Ireland. Tetractys focuses the importance of governance as driver of good compliance outcomes. He delivers open and bespoke training course and external Board effectiveness assessments. Gary has a particular interest in cyber security governance and the impact of digitisation on compliance and business processes.

Gary has held controlled/senior manager functions since 2001, has been a director of regulated companies in the UK and South Africa and is also a regulated person in Ireland. Gary is a Fellow of the Chartered Management Institute and holds an MBA from the Open University Business School and Maters degrees from Oxford and London Universities.