Related provisions for APER 4.7.6
1 - 5 of 5 items.
Where
the approved person performing
a significant influence function becomes
aware of actual or suspected problems that involve possible breaches of relevant
requirements and standards of the regulatory
system falling within his area of responsibility, then he should
take reasonable steps to ensure that they are dealt with in a timely and appropriate
manner (APER 4.7.7 E). This may involve an adequate investigation to find out what systems
or procedures may have failed and why.
1The FCA recognises that there are good reasons for firms wishing to carry out their own investigations. This might be for, for example, disciplinary purposes, general good management, or operational and risk control. The firm needs to know the extent of any problem, and it may want advice as to what immediate or short-term measures it needs to take to mitigate or correct any problems identified. The FCA encourages this proactive approach and does not wish to interfere with a
In determining whether a UK recognised body has effective arrangements for the investigation and resolution of complaints arising in connection with the performance of, or failure to perform, any of its regulatory functions, the FCA3 may have regard to the extent to which the UK recognised body's resources and procedures enable it to:3(1) acknowledge complaints promptly;(2) make an objective, prompt and thorough initial investigation of complaints;(3) provide a timely reply to