Locations we serve
Locations we serve
Locations we serve
Divorce
Divorce
Divorce
Other Services
Services
Services
020 7404 9390
Available 24 hours
BOOK CONSULTATION WHATSAPP US MESSAGE US PHONE US

Is the process for dismissal different for regulated employees?

Dismissing regulated employees raises a host of additional considerations above and beyond a standard dismissal. As regulated employees are required to meet the standards set out by the Financial Conduct Authority (FCA) to show they are fit and proper, the FCA needs a full explanation from you as to why the employment has terminated. Depending on the reason for the dismissal, the FCA may need to assess whether there are grounds to revoke the individuals authorisation, or impose a fine, particularly if the reason is related to dishonesty or financial misconduct.

If your company carries out regulated functions which requires that you have at least one approved person, but does not require all employees to be approved, you may also need advice on how to ensure your firm can continue to meet its own requirements to the FCA, so that a dismissal does not impact on its ability to continue operating.

Our team can help you to ensure that all steps necessary for dealing with the dismissal of a regulated employee are met, and encourage as seamless a transition as possible. We can also advise you on the legal requirements around providing a regulatory reference.

Close button

REVIEWS

left
right
| WHEN YOU NEED TO WIN

OFFICES

Tel: 020 7404 9390
Tel: 01223 631639
Tel: 0161 826 7595