The Financial Conduct Authority (FCA) Non-Executive Directors have appointed Simon Davis, a senior Commercial Litigation Partner at Clifford Chance, to conduct an independent inquiry into the handling of the FCA’s announcement of proposed supervisory work on the fair treatment of long standing customers in life insurance.
The Terms of Reference[1] for this investigation.
About Simon Davis
Simon Davis[2] has nearly 30 years expertise in corporate and financial institution investigations.
Update: Simon Davis independent inquiry into the handling of the FCA’s announcement of proposed supervisory work on the fair treatment of long standing customers in life insurance is due to be announced on Wednesday 10 December at 12:00.
Notes for editors
- The Terms of Reference[1] for this investigation.
- On 1 April 2013 the FCA became responsible for the conduct supervision of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA).
- The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this it has three operational objectives: to secure an appropriate degree of protection for consumers; to protect and enhance the integrity of the UK financial system; and to promote effective competition in the interests of consumers.
- Find out more information about the FCA.