Slater and Gordon logo 0330 107 5026 Search Contact us Existing clients Menu Personal Injury Medical Negligence Employment Family Property Home > Employment Law > FCA Investigation Enforcement Employment law FCA Enforcement Investigations The FCA has significant powers to prosecute firms and individuals for regulatory breaches. If you've been notified of an FCA investigation, you need expert assistance from an employment solicitor with regulatory experience right away. Are you expecting an FCA investigation? Slater and Gordon's specialist solicitors have extensive experience of defending alleged regulatory breaches relating to FCA enforcement investigations. Call us 24/7 on 0330 107 5026 or contact us and we'll call you. Talk to a specialist solicitor today Contact us Are you expecting an FCA enforcement investigation? When the Financial Conduct Authority (FCA) notifies you that an enforcement investigation is about to take place, it's essential that you seek expert legal advice immediately. That's because the FCA wields the authority to subject you to serious penalties and restrictions during an enforcement investigation, including: Compelling you to attend and co-operate in investigations meetings where legal representation is permitted Applying for injunctions, restitution orders and winding up orders against you Suspending you and the firm from undertaking any and all regulated activities Bringing criminal prosecutions for financial crimes including fraud, unauthorised business and insider dealing Imposing fines, prohibiting you from working in financial services and seeking compensation for your clients Power to reach negotiated settlements for which there are discounts to incentivise early settlements In fact, the FCA has almost unlimited powers during an enforcement investigation. When an investigation is looming, it's essential to have experienced lawyers on your side who have the knowledge and tactical appreciation to help you resolve matters as quickly and satisfactorily as possible. If you're under FCA investigation, call us 24 hours a day, 7 days a week on 0330 107 5026, or contact us and we'll call you. Am I personally liable under new FCA regulations? The Senior Manager's Regime (SMR) came into effect in 2016. This has the effect of increasing the personal accountability of senior figures in the financial and insurance industries. Its introduction means that senior managers can now be held personally accountable for any misconduct or irregularities that fall under their areas of responsibility. If you've signed a Statement of Responsibility you can and will be held liable for regulatory breaches or misconduct that occurred on your watch, even if you were not aware of them at the time. It's also worth noting however, that following new measures from the FCA, including the SMR and whistleblowing protections, employees undergoing an FCA investigation may turn out to have whistleblowing protection rights, under the terms of the Public Interest Disclosure Act 1998. In such cases, you might have legal protection from prosecution, and perhaps even a case for unfair dismissal. On that subject, one of the hardest aspects of surviving an FCA investigation is the challenge of finding another job in financial services or insurance afterwards. That's why a key part of our service for senior employees caught up in FCA enforcement investigations is to use our knowledge of regulatory issues and processes to help manage any regulatory consequences from the FCA that might prevent you from holding onto your job, or finding another one. We can also help you navigate your way through the regulatory reference and certification process that now follows you throughout your career. If you're under FCA investigation, or expect to be in the near future, you can call us 24 hours a day, 7 days a week on 0330 107 5026 or contact us and we'll call you. Employment law help and support content Equality Act 2010 Paternity guide Protected characteristics Employment law FAQ Funding your employment law case Guide to employment law cases Redundancy advice Restrictive covenants explained What is whistleblowing? Working time regulations Working your notice period How to deal with colleague grievances Maternity leave and work bonus Disciplinary action explained Guide to holiday rights Can my employer dictate my holidays? Difference between contractual and statutory employment rights Meet the employment law experts Our employment team have an excellent reputation and are highly recognised as specialist by the leading independent legal directories. Meet our team I would 100% recommend Slater and Gordon if you need any help in employment law. They offer an incredible service. H L (employment case) Online chat Back to top of page About us Our experts Careers Newsroom Resources Follow Slater and Gordon Accessibility Privacy policy Cookie policy Terms of use Modern slavery act Complaints procedure Fraud and security Slater and Gordon UK Limited is a company registered in England and Wales with registration number 07931918, VAT 125 446 327 and registered office 58 Mosley Street, Manchester M2 3HZ. We are an approved Alternative Business Structure authorised and regulated by the Solicitors Regulation Authority (SRA number: 591058) and authorised and regulated by the Financial Conduct Authority for insurance mediation activity. Slater and Gordon 2020. All rights reserved. By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts. Cookies Settings Accept All Cookies