Enforcement

The FCA now has very strong sanctioning powers, including the power to fine firms millions of pounds. Ignoring the FCA request and not supplying information when required by the FCA is a criminal offence. Should the FCA wish to investigate a specific area to ensure compliance, they will issue a notice to that effect, leading potentially to a full investigation.

FCA ASSIST can provide support through this process, helping you respond to the FCA enquiries, manage the interaction with the FCA and produce any of the required documentation. We can manage the initial interactions at a fixed rate. Where more complex issues arise, we can involve our partners ASV Law, and we will manage the three-way interaction on your behalf. This allows us to provide a very cost competitive approach, whilst allowing us to use the strength of the ASV Law expert experience in this sector.