Regulatory, Disciplinary & Director Disqualification
For a professional, a regulatory investigation with the risk that it might lead to disciplinary proceedings can cause irreparable damage to their reputation and livelihood. While the range of sanctions will depend on the particular regulator, they can include a financial penalty, a period of suspension from practice or, worse, prohibition from practice. It is therefore vital that expert legal advice is sought at the earliest opportunity, as the possibility of achieving a favourable outcome may well depend on the approach taken at the outset, particularly where co-operation towards an agreed outcome may represent the best resolution of the matter. However, as regulatory investigation may well impact on a person’s employment status, and (depending on the subject matter) may be a precursor to potential criminal investigation, it is crucial that the strategy that is adopted does not cause prejudice in any associated matter.
In addition to our work in relation to investigations conducted by the FCA and the HSE, BCL has substantial experience in advising individuals and organisations involved in investigations and proceedings brought by the following regulatory authorities (our involvement is generally on behalf of those who find themselves the subject of the investigation, but we also represent those who are treated as witnesses):
- Lloyd's of London
- The General Medical Council
- The Medicines & Healthcare products Regulatory Authority
- The Solicitors Regulation Authority
- The Bar Council
- The Security Industry Authority
- The British Horseracing Authority
- The Nursing and Midwifery Council
- The Royal Pharmaceutical Society of Great Britain
- The Independent Police Complaints Commission
We are also experienced in representing individuals in directors’ disqualification proceedings brought under the Company Directors Disqualification Act.