FCA Liaison

Dealing with the Regulator

It is inevitable that at stages of being authorised you will have occasions when you are working closely with the regulator in reviewing your business activities. This could be as a result of:

  • Themed reviews i.e reviews on a particular compliance issue involving a number of different firms across the industry
  • Firm visits
  • s.166 Skilled Persons report i.e where the regulator requires regulated firms to appoint an independent firm to carry out a compliance review on aspects of your business
  • Enforcement action.
Gem Compliance can provide guidance on how to have a successful relationship with the regulator including preparation for anticipated visits or assessments, preparing internal and external communications, briefing staff on any internal implications and project managing the completion of any actions by specified deadlines.
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