Chambers is retained by TRS Consultants in advising Firms and Individuals on a broad range of FSA regulatory issues, applications and enforcement actions.
Preventing Disruption
Members are engaged to advise on issues such as:
- Applications for permission and authorisation
- Variations
- KYC and individual transaction variation
- AEO applications
- Advice on Enforcement actions
- Representation before the Financial Service Markets Tribunal
Regulatory Intervention
Our aim is to act in order to prevent any sort of disruption to a firm’s operation. Our first step is to provide advice on “prevention” – to identify and rectify shortcomings in any compliance strategy.
We are aware that commercial reality and the increased role of the Regulator may mean that a firm will not be able to avoid enforcement action, despite its best endeavours. Chambers and TRS work hand in hand to:
- Define the wrongdoing and challenge the allegation as soon as it is made
- Undertake full investigations and litigation preparation [TRS]
- Advocacy before the tribunal, from Queen’s Counsel to Junior Counsel level
If a firm accepts responsibility, we act to:
- Advise and consider methods of arbitration to prevent harm to a firm’s reputation in the market place and mitigate any penalty
- Undertake a compliance assessment and design new systems with the aim of satisfying the regulator that any shortcoming has been defeated
- Mount an approach with the aim of narrowing down any enforcement action
At all times, we are acutely aware of the commercial pressures that firms are subject to. We act swiftly and efficiently to make sure firms are in their trading positions as soon as possible with as little impact on their market reputation as possible.
email: TRS
