Financial Conduct Authority and Prudential Regulation Authority Regulations

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) regulate the finance industry, and they have comprehensive powers to investigate a company’s practices.

Investigations by either of these bodies can be incredibly damaging to a business and it’s essential to have strong legal representation at all stages of an examination.

JMW’s expert solicitors can help and defend your business if you are being investigated by either the FCA or PRA, call us now on 0800 652 5559 if you need advice and support.

Have a look at our Deferred Prosecution Agreements Article

The FCA and PRA explained

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

The PRA was established at the same time as the FCA and is responsible for regulating banks, buildings societies, insurers, investment firms and credit unions. Its main objectives are to promote good practices and ensure that insurance buyers are properly protected. The PRA is tasked with the day to day regulation of banks and financial firms.

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.

Contact JMW Solicitors today

If you’re being investigated by the FCA or PRA, contact us as soon as possible for a comprehensive discussion about your situation and how we can help. If you require an FCA solicitor or PRA solicitor in Manchester, London, or elsewhere in the UK, our years of experience in defending businesses of all kinds makes us best placed to represent you.

Call us now on 0800 652 5559 to find out more about our services.


Read more
Let us contact you.
Privacy Policy
Wildcard SSL Certificates