Before the FCA initiates a Section 166 review of your firm's approach to CASS, the regulator typically takes several preliminary steps to assess your firm's compliance and risk profile. Yet for many firm’s the regulators actions before a s166 is triggered, remain a mystery. In this FREE 60-minute webinar, we unpick the crucial steps leading up to a Section 166 notice, demystifying the key processes and interactions the FCA undertakes before a review of a firm's approach to CASS is initiated. To avoid a painful and costly review of your CASS governance and oversight arrangements, our panel our experts discuss: 1. How the FCA is conducting routine supervisory activities on your approach to CASS in 2024. 2. How the regulator uses data from regulatory submissions and reports to assess and manage your firm’s CASS risks. 3. How a firm’s CASS compliance breaches informs the FCA's decision-making process. 4. How to identify and assess issues that could lead to a s166 review of your firm’s CASS culture, governance, and organisational arrangements. 5. How to proactively use market intelligence, thematic reviews, and inspections to eliminate weaknesses in your CASS environment.

The FCA's Section 166, "Skilled Person Review," is one of the regulator's go-to tools they’re not afraid to use, when assessing your firm's compliance with the CASS rules. No need to be concerned? Think again, as s166 reviews continuing to rise across the sector, firms should be in no doubt that the FCA is prepared to appoint an independent third party to conduct a 'drains up' review of your approach to CASS. Even for the largest firms, a S166 review is intrusive, expensive, time-consuming, and incredibly resource-intensive as your firm attempts to demonstrate effective risk management and adherence to regulatory standards. In this FREE 60-minute webinar, we’ve assembled a panel of FCA-appointed skilled persons alongside specialists in CASS compliance to answer your most pressing concerns about the s166 review process. No question is off limits as we tackle: 1. ‘Help, we’ve got a s166 notice!’ 2. What to do if The FCA commissions a s166 review 3. How to get the most from a CASS s166 review 4. The costs of a skilled person review 5. The foolishness or wisdom of challenging the findings of a s166 review 6. The most effective strategies to avoid a skilled person review