Regulators often require an independent view of a firm’s activities, governance or controls, usually where the regulator has perceived a cause for concern. In the UK, these independent reviews are known as section 166 (of the Financial Services and Markets Act 2000) or Skilled Person reports.
Duff & Phelps has many years of experience acting as a Skilled Person, not just in the UK, but also more recently in Hong Kong and the Channel Islands. Our deep bench of regulatory consultants has expertise covering all aspects of regulation, and is particularly strong in the areas of client money and client assets (CASS), suitability, transaction reporting, financial crime, prudential, governance and systems and controls.
You will receive hands-on, personal attention of senior team members. We transfer our industry insight over time, allowing your organisation to plan and react to regulatory change more effectively.
On April 1, 2013, Duff & Phelps (formerly Kinetic Partners LLP) was appointed to the Skilled Person Panel.