Challenges arising from the FCA’s new enforcement policy and its focus on individual accountability

  • 25 October 2018
  • Edinburgh
  • Seminar
  • 47 PLACE(S) AVAILABLE
Event Details

University of Edinburgh Business School are delighted to welcome senior speakers from international law firms Brown Rudnick LLP and Mishcon de Reya, and insurance giant Willis Towers Watson, for a practical – and lively – presentation dealing with the challenges arising from the Financial Conduct Authority’s new enforcement policy and its focus on individual accountability.

It is now FCA policy to consider the conduct of each individual involved in suspected misconduct by a firm. The extension of the Senior Manager Certification Regime (SMCR) to all FCA regulated firms underpins this policy.

Firms and individuals under FCA investigation have different interests. Issues for individuals include the cost of specialist advice, gaining access to relevant documentation and challenging facts and breaches that may have been admitted by the firm.

Indemnities and D&O insurance may not always provide sufficient cover or cover at an early enough stage to enable an individual to properly protect their interests.

This session will be based around a practical scenario and will cover:

  • Dealing with emerging issues outside business as usual
  • When is external legal advice/representation necessary/desirable?
  • Legal Professional Privilege - when does it arise and who owns it?
  • Regulatory notification obligations
  • Strategic considerations for firms and individuals
  • The impact of a lengthy investigation
  • Penalties for individuals
  • Advance steps to protect individuals
Venue & Schedule

Auditorium (ground floor) ,
University of Edinburgh Business School,
29 Buccleuch Place,
Edinburgh,
EH8 9JS

Schedule
18:00 Registration
18:30 Event
20:00 Close of event followed by networking & drinks reception

Booking
Please use the booking system below you reserve your place at the event.