Q&As

Does section 64C of the Financial Services and Markets Act 2000 require an authorised firm to report to the relevant regulator an individual’s suspension pending investigation into alleged misconduct, or only suspension imposed as a disciplinary sanction following a finding of misconduct?

read titleRead full title
Copyright © 2025 LexisNexis
Published by a LexisNexis Employment expert
Published on: 17 February 2020
imgtext

Section 64C(1) of the Financial Services and Markets ACT 2000 (FSMA 2000) provides that if a relevant authorised person takes disciplinary action in relation to a relevant person and the reason, or one of the reasons, for taking that action is a reason specified in rules made by the appropriate regulator for the purposes of this section, the relevant authorised person must notify the regulator of that fact.

FSMA 2000, s 64C(2) defines ‘disciplinary

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
ACT definition
What does ACT mean?

Association of Corporate Treasurers.

Read more readmore

Popular documents

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of

Micklefield clauses

Micklefield clausesWhat is a Micklefield clause?It is common for employee share plans to provide that, on termination of employment (or when an employee is given or receives notice of termination of employment), subsisting share awards will be forfeited and subsisting share options will lapse.It is

Financial clean break orders in family proceedings

Financial clean break orders in family proceedingsDuty of the court to consider a clean breakAlthough there is no presumption in favour of there being a financial clean break between parties on divorce, the court is under a duty to consider whether it would be appropriate to exercise its powers so

Early leavers—preservation

Early leavers—preservationFORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase the normal minimum pension age (NMPA) from 55 to 57 on 6 April 2028 (save for members of the firefighters, police and armed forces public service pension schemes).The Finance Act 2022 will also give