Financial Conduct Authority and Prudential Regulation Authority Compliance

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) regulate the financial industry and have comprehensive powers to investigate a company’s practices. Investigations by either of these regulatory bodies can be incredibly damaging to a business, so it is important to seek legal advice immediately.

To speak to a solicitor about representation during a FCA or PRA investigation, or for advice on complying with their rules and regulations, get in touch by calling us on 0345 872 6666. Alternatively, fill in our online enquiry form and we will get back to you as soon as possible. If your matter is urgent, our solicitors can be reached using our 24-hour legal helpline 0345 872 6666 so you have access to expert legal advice whenever you need it.

At JMW, we can provide strong legal representation at all stages of an investigation, helping defend you and your business from prosecution by the FCA or PRA. The FCA and PRA work closely together and are classed as the “twin peaks” of financial industry regulation in the UK after replacing the Financial Services Authority.

The Financial Conduct Authority Explained

The FCA replaced the Financial Services Authority in April 2013 and has comprehensive investigative powers. It can investigate both regulated and nonregulated businesses for financial misconduct, and is responsible for promoting healthy competition, conduct and compliance.

The Prudential Regulation Authority Explained

The PRA was established at the same time as the FCA and is responsible for regulating the following financial organisations:

• Banks
• Building societies
• Insurers
• Investment firms
• Credit unions

Its main objectives are to promote good practice and ensure that insurance buyers are properly protected. It is also tasked with the day-to-day regulation of banks and financial firms.

Why Choose JMW?

Our solicitors have dealt with many cases involving the FCA and PRA, which means we are well equipped to provide you with the necessary legal advice and representation during an investigation. If your case goes to court, we will help you build a strong case for defence to protect you and your business’s interests by doing our utmost to secure a preferable outcome.

Whether you have been invited to an interview, are undergoing a dawn raid, have been imposed with a restraining order or need help preparing for a trial, our solicitors will be there for you.