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 individual's 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. About Us -------- Ayesha VardagFounder & President "ROLLS ROYCE SERVICE FROM START TO FINISH" Vardags offer a unique approach to the law, specially tailored to the needs of HNW individuals. Our lawyers come from the very best universities and receive the very best training - they are determined, diligent, and dedicated to getting the best outcome... [read more](https://vardags.com/about-us) [BOOK FREE CONSULTATION](https://vardags.com/contact) What our clients say -------------------- Knowledgeable, respectful and empathetic service and team. Michelle Ravden I feel safer and not alone, knowing that I have Nicola's support - securing her to act for me was a huge weight lifted. No matter what the result, I am confident that she will have secured the best outcome possible. C Thanks to Emma and the team for the outstanding handling of my case. Throughout the months of my ongoing case I was kept informed and updated at all times never left wondering what was happening or where I stood. From meeting... Emma I felt instantly that my case was in good (understatement) hands, she has a friendly personal approach as well as so much expertise in the handling of family law cases. I feel so grateful to have had Emma and her team handle my case and for the outcome! Thank you! Emily Calvin Outstanding, cannot recommend this highly enough. Mark Curtis Outstanding firm and of highest level of professionalism. I would highly recommend Vardags as best in class in what they do. Sandip Kotecha OFFICES ------- [London](https://vardags.com/office/london "London") 020 7404 9390 [Cambridge](https://vardags.com/locations-we-serve/cambridge "Cambridge") 01223 855751 [Manchester](https://vardags.com/locations-we-serve/manchester "Manchester") 0161 464 4657 International 020 7404 9390 [Milan](https://vardags.com/it-it/copertura-territoriale/milano "Milan") +390282954578 [Florence](https://vardags.com/it-it/copertura-territoriale/firenze "Florence") +390282954578