top of page
166 Audits and Skilled persons review
  • Skilled persons reviews may be allocated under the FCA's section 166 powers.  These are often referred to in the industry as "166 audits under Supervision/Enforcement". Unsurprisingly they are stressful for the entire firm and especially the regulatory team.
  • The RAaaS service and report aims to help you prepare quickly, effectively and cost efficiently as part of your overall approach to such an event. The ability of the RAaaS digital platform and the ability to gather business wide evidence from a large number of team members very quickly allows the rapid identification of focus areas and the efficient gathering of remediation evidence and reports can be generated quickly.
  • The advanced provision of a RAaaS report in the procurement/selection of skilled person(s) to conduct the review may permit the Skilled Person(s) Firms to provide more informed pricing of their proposal and costs to you.  
  • The FCA has a published skill person panel. Details of lots are listed here. The FCA has the right to contract directly or via the firm. Where a firm contracts with a Skilled Person Firm, the firm is responsible for the selection and appointment of the Skilled Person Firm, with the FCA approving any such selection in accordance with SUP 5.4.8G
  • This poduct is not currently available for online purchase as the bespoke scope of your required work needs to be understood.
  • Your RAaaS audit is designed to work in harmony with your existing external compliance audit partners as a blended service and where permitted and agreed with your allocated Skilled Person Firm and the FCA a copy of your RAaaS can, with the relevant written stakeholders permissions, be made available to the FCA or the Skilled Person Firm(s) either before the skilled person review (as part of the procurement process) or during the Skilled Person Firm review.
  • Please call us to discuss your current situation in confidence. This product is not currently available for online purchase as the bespoke scope of your required work needs to be understood before such a purchased can be completed.

166 Audits and Skilled persons review

£0.00Price
Excluding Sales Tax
This product is currently in pre-order mode. Please contact us for details
    bottom of page