The FSA prefers to carry out its functions with organisations in the context of an open and cooperative relationship and must disclose to the FSA anything relating to the organisation which the FSA would reasonably expect notice.

When situations arise giving the FSA cause to obtain information or documents from organisations it will in the first instance ask for those items and expect the organisation’s cooperation. Where, however, it appears that it will not be able to obtain the required information in that way it will use its statutory powers. When the FSA considers it necessary to undertake a more detailed and formal review of potential problems or risks in an individual organisation, it may formally request the organisation in question to provide specified information or documents, ask the organisation to appoint a skilled person to provide a report on the matter to the FSA

Momenta has many years of experience of involvement in remedial work projects with clients. These range from discrete advisory projects, guiding senior management on how to structure their responses, to the problems realting to large sales force retraining and competence assessment projects.

We can help you by designing and delivering a bespoke s166 investigation and report focused on the high risk areas with recommendations that are practical, effective and fully meet FSA expectations.

How we can help

• Guide you on how to structure your response to the FSA,
• Design and establish your remedial projects,
• Manage your remedial work projects,
• Provide you with guidance on how best to manage your regulatory relationship,
• Supply appropriate and expert project resource,
• Sensitively and objectively act as a skilled person