UK’s Financial Conduct Authority and Prudential Regulation Authority Announce Changes to Enforcement Processes

2 February 2017
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Key takeaways

  • The UK’s financial regulators (the FCA and the PRA) are implementing reforms to their guidance to improve the transparency, fairness and speed of their enforcement processes.
  • Many of the changes simply codify existing good practices by the regulators’ case teams during investigations.
  • A new process will be introduced for firms and individuals to resolve cases more efficiently where only some of the issues are in dispute.