In an article published by FT Adviser, London-based Litigation & Arbitration partner William Charles and associate Conrad Marinkovic, discuss the practical steps regulated firms should consider in preparation for any future Dawn Raids initiated by the FCA (or other regulatory or criminal authority such as HMRC, SFO, CMA, etc.)
As dawn raids place both firms and their employees under significant pressure, it is essential that firms develop a thorough understanding of what a dawn raid entails (including the regulator’s powers and their limits), and proactively prepare internal response plans and processes to manage and support any investigation. This article outlines several practical steps and considerations every firm should implement.
