An Introduction to the FCA Authorisation Regime
This course is aimed at ensuring an understanding of the legal structure which underpins FCA regulation. It explains what FCA ‘authorisation’ is, the process for obtaining it, why it is required and the FCA’s powers in relation to an authorised person or business.
Understanding these matters is often a minefield for lawyers and businesses alike. Failure to adhere to the regime can have serious consequences for businesses including unenforceability of client contracts, regulatory sanctions from the FCA and, most crucially, criminal liability.
This course will provide an introduction to the topic, but will also serve as a useful refresher for those with some existing knowledge. It is likely to be of interest to solicitors who have to deal with these issues with their clients, as well as regulatory and compliance professionals and smaller ‘start-up’ financial services businesses.
What You Will Learn
This course will cover the following:
- The ‘general prohibition’
- Acting ‘by way of business’
- Overview of Regulated Activities Order 2001
- Consequences of failure to obtain authorisation
- Criminal liability
- Retrospective ‘validation’ proceedings
- Withdrawal, suspension and prohibition by Financial Conduct Authority (FCA)
- Appeals to the Upper Tier Tribunal
- Role of the Regulatory Decisions Committee (RDC)
9:30am - 5:15pm
Please let us know if you wish to be notified when new dates are added for this programme