Skilled Persons
(s166 reports)

Where the FSA require an independent assessment of a regulated firm and their activities they are increasingly using their powers under section 166 of the Financial Services and Markets Act (FSMA 2000) to require the firm to appoint a Skilled Person to carry out the review and provide a written report to the FSA.

The scope of the review and the terms and conditions of the appointment of the Skilled Person, as the background to the FSA requirement, will be set out in a Notice issued to the firm by the FSA.

Within Resources Compliance we have the appropriate experience and resource to carry out a wide range of Skilled Persons Reports having acted for a number of firms in this capacity.

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