Professional Training

How to Engage with Regulators Successfully & Avoiding Enforcement - A Workshop - Live with Michael Ruck - Learn Live

Length
2 hours
Next course start
13 June, 2024 See details
Course delivery
Virtual Classroom
Length
2 hours
Next course start
13 June, 2024 See details
Course delivery
Virtual Classroom

Course description

This virtual classroom workshop will provide you with advice on how best to comply with your legal and regulatory obligations in a scenario based exercise. In particular, it will cover your obligations to notify the relevant regulators of notifiable events, strategies for dealing with the regulators, insight into how the regulators may respond, and guidance on how to reduce any risk of intervention.


Presented by Michael Ruck, a partner at K&L Gates who previously worked in the FCA's Enforcement and Market Oversight Division, it will be held under the ‘Chatham House’ rules to promote free and constructive discussion.


The live and interactive online course will be split into 2 sessions, the first of which will provide top tips on supervisory engagement with the FCA and PRA, with the second exploring lessons learned from supervisory interventions and engagement with enforcement teams.

Upcoming start dates

1 start date available

13 June, 2024

  • Virtual Classroom
  • Online
  • English

Outcome / Qualification etc.

Following all MBL courses, a certificate of attendance will be provided for those who are required to evidence their CPD activity to a professional body.

Training Course Content

Introduction

This new live broadcast session will provide you with advice on how best to comply with your legal and regulatory obligations in a scenario based exercise.

In particular, it will cover your obligations to notify the relevant regulators of notifiable events, strategies for dealing with the regulators during such engagement, insight into how the regulators may respond and guidance on how to reduce any risk of intervention or Enforcement by the regulator.

The session will be held under the ‘Chatham House’ rules to promote free and constructive discussion on this important topic.

What You Will Learn

This live and interactive broadcast will cover the following:

  • Session One: Top Tips on Supervisory Engagement with the FCA and PRA
    • A reminder of the current regulatory/legislative regime applicable in relation to co-operation with and reporting to the regulators
    • Practical tips on day to day engagement with the regulators
    • Preparing for and dealing with a supervisory visit, including the role of your senior management
    • Supervisory engagement post such a visit
    • An interactive scenario covering the above issues for you to discuss in groups followed by a facilitated discussion of the actions and issues the groups have identified
  • Session Two: Lessons Learned from Supervisory Interventions and Engagement with Enforcement Teams
    • Lessons learned from the past
    • How to deal with unannounced visits and search warrants/dawn raids (including the legal requirements in relation to the latter)
    • An overview of the process when considering notifications to the FCA/PRA
    • How to respond to potential supervisory action including variations of permission, imposition of a requirement or a s166 skilled person requirement, including how your senior management should be involved in such responses
    • The risk of enforcement action and how to reduce such a risk via your interactions with the regulators
    • An update on the recent FCA and PRA consultations on potential changes to their approaches to enforcement
    • An interactive scenario covering the above issues for you to discuss in groups representing a firm or the FCA, followed by a facilitated discussion of the actions and issues identified by your groups

Expenses

From £144
MBL Seminars Limited
C/o Law Business Research
Holborn Gate, 330 High Holborn
WC1V 7QT London

MBL Seminars Limited

MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...

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