/ News / Senior Partner Aziz Rahman emphasises the importance of complying with the Financial Conduct Authority’s Principles for Businesses
Author: Azizur Rahman 20 February 2020
Firms and senior managers are not complying with the Principles for Businesses before acting, according to Mark Steward, the Financial Conduct Authority’s Director of Enforcement and Market Oversight. He used a speech in London to state that the FCA had found a lack of compliance in a number of recent cases.
His statements prompted Thomson Reuters to ask Rahman Ravelli’s Senior Partner Aziz Rahman for his thoughts on the matter.
Aziz outlined the importance of those in business engaging with the principles and emphasised that this has to be seen as a priority. He also explained that if a company has acted wrongly it will always be in its best interests to offer whatever redress it can, as investigating the wrongdoing, being open about it and co-operating with the authorities will secure the best outcome.
Aziz’s comments were featured on Thomson Reuters Regulatory Intelligence. (Subscription required)
Senior Partner
aziz.rahman@rahmanravelli.co.uk
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Aziz Rahman is Senior Partner at Rahman Ravelli and its founder. His ability to coordinate national, international and multi-agency defences has led to success in some of the most significant corporate crime cases of this century and top rankings in international legal guides. He is recognised worldwide as one of the most capable legal experts regarding top-level, high-value commercial and financial disputes.