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Section 166 Skilled Person Reviews

“Skilled Person” reviews have become a major feature of the financial services regulatory landscape in recent years. Under section 166 of the Financial Services and Markets Act 2000 (“FSMA”) the Financial Conduct Authority (“FCA”) and Prudential Regulation Authority (“PRA”) have wide powers to require a financial services firm to commission skilled person reports into any aspect of the firm’s business. 

The Squire Patton Boggs skilled person team has broad experience of conducting s.166 reviews and regulatory investigations for a range of financial services clients, as well as providing support to firms responding to a skilled person review.

If you are facing a s.166 skilled person review, please contact one of our team of specialists to discuss your requirements.