The enforcement powers of the Financial Conduct Authority (the FCA) are designed to deter non-compliance with regulatory requirements, encouraging good behaviour on the part of individuals working within the UK financial services industry and restricting the participation of those not fit and proper to work within the industry. However, there can be devastating consequences for an individual’s livelihood and future career prospects if they are the subject of these powers.
This invaluable new title gives an expert insight into the FCA’s powers to investigate and impose sanctions on individuals in relation to misconduct and a lack of fitness and propriety. It provides a practical guide to these powers and the operation of the enforcement process in relation to them for individuals and authorised firms. The book highlights issues that may be faced following the identification of a potentially serious regulatory issue all the way through to an FCA decision to impose a sanction and the options then available.
FCA Enforcement: Investigations into and Sanctions for Misconduct and Lack of Fitness and Propriety provides an authoritative guide to handling the issues that may arise in this field. It simplifies what can be a difficult, confusing and highly stressful process. It is essential reading for individuals and authorised firms who may be involved.
