Oliver Assersohn KC joins Ashurst’s Financial Services Regulatory Enforcement mini-series podcast for season 2, episode 5: How should you respond to an FCA intervention? Oliver was joined on the podcast by host Nathan Willmott and his Ashurst colleague Adam Jamieson.
The episode explored the FCA powers – ‘voluntary requirements’ (VREQs) and ‘own initiative requirements’ (OIREQs) – and how these are impacting financial services firms. Together, the speakers unpacked how these intervention powers allow the FCA to impose restrictions on firms without formal investigations, often pressuring them into compliance within tight deadlines. The trio also explain the legal thresholds for these requirements, the increasing willingness of the FCA to test these boundaries, and how firms are responding. As well as outlining the practicalities of negotiating with the FCA, our expert panel flags the risks for firms during interventions and the potential for challenging the requirements in the Upper Tribunal.
To listen to the podcast (via Apple or Spotify) please click here: https://www.ashurst.com/en/podcasts/legal-outlook-podcasts/legal-outlook-financial-services-regulatory-enforcement-mini-series-s2-ep-5/
