Guidance on FSA Dawn Raids
Mondaq Business Briefing › United Kingdom Law Articles in English (2010)
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Guidance on FSA Dawn Raids
Introduction
As is evident from the recent press coverage the FSA is using its powers under the Financial Services and Markets Act 2000 (FSMA) to conduct raids on premises for information with more confidence and frequency than ever before. This note sets out the basis on which the FSA may use its powers and also guidance on how entities should prepare for the possibility of, and respond to, dawn raids. It does not deal with the general right the FSA has to visit the premises of authorised firms when exercis...See the full content of this document
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