Unsolicited visits and surprise requests for information by the Financial Services Authority

Apr 2009 | Client publication/article

Officials from the Financial Services Authority ("FSA") may telephone or contact you or may visit your offices unexpectedly to investigate possible breaches of financial services legislation or FSA rules. The law entitles the FSA to do this and obliges all authorised firms to co-operate. This obligation also extends to firms which act as the appointed representatives of authorised firms and to individuals who are FSA approved persons.

This briefing provides an overview of the FSA’s investigatory powers and the position as regards the confidentiality of information disclosed to the FSA, as well as practical guidance on document preservation and a "first aid" kit of some "dos" and "don’ts" when handling an unsolicited visit or surprise request for information from the FSA.


Jan Putnis (partner), Ben Kingsley (partner), Ewan Brown (partner)
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