Financial Services Authority Investigations
FSA investigations legal advice
The Financial Services Authority (FSA) is responsible for regulating financial services in the United Kingdom. The FSA is the single statutory regulator responsible for the authorisation and supervision of deposit taking, insurance and investment business, mortgage lending and advice and general insurance advice. Whilst they exist as much for the protection of responsibly run businesses, they also have the power to investigate and punish potential breaches of the financial services regime.
Our experience in FSA investigations
We advise individuals and company employees in relation to investigations or misconduct proceedings brought by the FSA Enforcement Division for alleged breaches of the FSA's principles, standards, rules and regulations. The team has also advised extensively in relation to criminal and regulatory investigations, from relatively small investigations into market abuse and insider dealing against chairmen and directors of PLCs and breaches of the Money Laundering Regulations, to the most substantial investigation ever conducted by the FSA, the investigation into the Split Capital market. Some of our team have worked on secondment within the FSA Enforcement Division so we have the advantage of understanding the FSA investigation process from both sides.
We can help individuals and employees who approach us in whether in a preventative move or after the event, to understand the implications of an FSA investigation and employee related matters regarding approved person status, so they avoid any inadvertent rule breaches or to defend or mitigate the position. We deal with FSA investigations covering issues such as:
- Market abuse
- Insider dealing
- Misleading statements
- The financial promotions regime
- The FSA's Principles for Businesses
- Fit and Proper Test for Approved Persons
- FSA Handbook Standards and Rules
- The FSA's powers of investigation
- Money laundering
- Mis-selling
We can advise pre-investigation, during an investigation whether civil, criminal or regulatory / disciplinary, involving the Regulatory Decisions Committee (RDC), Financial Services and Markets Tribunal (FSMT) or the civil or criminal courts.
We regularly work closely our employment team if employment related issues arise as a result of an FSA investigation or an internal employee disciplinary or misconduct matter.
About FSA Investigations
If you are an approved person and the subject of an employment misconduct matter, or you have received formal or informal notification of an FSA investigation, or are concerned regarding FSA regulatory interest, or you have been arrested, then please contact us as soon as possible. We have great experience and expertise in employment law and FSA investigations. We are familiar with the complexities of the FSA's jurisdiction and powers and the procedures and FSA reporting requirements that can be instigated by employers in relation to alleged misconduct.
We also have an excellent reputation for criminal and regulatory defence work for serious fraud, financial and business crime, and tax and VAT investigations.
Call Sarah Wallace on 0870 1500 100 or 0207 421 3883 to arrange a consultation, view the department profile or use the links above to drop us a line.
Serious Fraud Lawyers - Corruption Lawyers - Extradition Lawyers - FSA Investigations Lawyers - Market Abuse Lawyers - Insider Dealing Lawyers - Revenue & Customs Lawyers - Tax Investigations Lawyers - Health & Safety Lawyers - Environment Lawyers - Trading Standards Lawyers - Professional Disciplinary Tribunals Lawyers - General Medical Council (GMC) Lawyers