Regulators often require an independent view of a firm’s activities, governance or systems and 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.
How Duff & Phelps Can Help
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 Assets (CASS), suitability, transaction reporting, financial crime, prudential, governance, risk and compliance and systems and controls.
You will receive hands-on, personal attention of senior team members. We transfer our industry insight over time, allowing your organization to plan and react to regulatory change more effectively.
We have an established governance and oversight framework for managing and delivering each review, which is supported by fully documented policies and procedures. We are ISO 9001 accredited, which requires us to maintain a broad range of policies, procedures and controls all of which are relevant to undertaking and overseeing assignments.
We establish an open and regular dialogue with the regulator and the firm, from the initial dialogue regarding the scope of the assignment, through to issuing the report. This approach, in our experience, allows for ongoing feedback between all parties to ensure that issues are communicated in a timely manner and dealt with effectively.
On March 20, 2017 Duff & Phelps (formerly Kinetic Partners LLP) was re-appointed to the Skilled Person Panel.
Alternative Asset Advisory
Transparent valuations of illiquid investments and complex securities and liquidity solutions through secondary market transactions.Alternative Asset Advisory
Comprehensive compliance and regulatory support for FCA authorized firms.UK Regulation
s166 Skilled Person Review
s166 skilled persons review in the UK.s166 Skilled Person Review
Audit of Compliance and Risk
Audit of FCA SYSC 4 and SYSC 6 and 7 compliance and risk requirements.Audit of Compliance and Risk
Assistance with markets, transaction reporting and surveillance.Market Services
Global Fraud and Forensic Investigations
Expert analysis to help clients understand, prevent and manage fraud.Global Fraud and Forensic Investigations
Management Company Services
Infrastructure, staff and supervision for AIFM/UCITS ManCo duties.Management Company Services