FCA Skilled Persons reviews
Under the Financial Services and Markets Act, as amended by the 2012 Act, the FCA has the power to obtain a view from a third party (a ‘Skilled Person’) about aspects of a regulated firm’s activities if it is concerned or requires further analysis.
Waystone has a strong track record in delivering Skilled Person reviews across a range of subject matters including governance, accountability, strategy and culture, controls and risk management frameworks, conduct of business, financial crime and prudential.
The scope of our services includes the following:
- carrying out Skilled Persons reviews under s.166 of FSMA
- preparing firms in advance of a Skilled Person review
- supporting firms with remediation work, following a Skilled Person review.
Waystone has been independently appointed to the Association of Professional Compliance Consultants’ (APCC) Additional Skilled Person Suppliers list. This list complements the FCA’s official panel and broadens the range of firms that can offer Skilled Person reviews to regulated firms, in accordance with the Section 166 of the Financial Services and Markets Act 2000 (FSMA).
If you would like to discuss your requirements further, please get in touch using the contact form below.