What are the FCA/PRA Conduct Rules?
The FCA and PRA conduct rules are high-level and reflect the standards expected of staff who work for firms that fall within the scope of the SM&CR and/or are approved persons. The conduct rules apply to staff directly and are aimed at protecting consumers and market integrity.
There exist two tiers of conduct rules: (i) individual conduct rules (which applies to all employees within the SM&CR and those approved); and (ii) senior manager conduct rules (which only applies to individuals performing senior management roles).
Firms are subject to reporting requirements relating to breaches of conduct rules.
Farore Law is a leading boutique law firm that has a wealth of experience in advising senior executives on employment matters. We are well placed to provide appropriate advice regarding the enforceability of contractual terms, seeking a settlement agreement and commencing or defending litigation in the High Court or the Employment Tribunal.
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