Are you ready for the Regulator?

March 22 2013

The news headlines on any given day demonstrate that regulators are actively stepping up their level of activity: the Serious Fraud Office has secured its first convictions under the Bribery Act 2010; we have also seen the first individuals imprisoned for anti-competitive behaviour in the UK; and the Financial Services Authority has recently issued significant fines in relation to the fixing of the LIBOR rate.

Public sector organisations have not escaped the attention of the Regulator, and increased regulation is calling for ever greater transparency in public life. Whilst unannounced visits from the Regulator cannot always be avoided, there are steps which organizations can take to ready themselves to respond quickly to such a visit, and steps which can be taken to mitigate the impact of regulatory enforcement on their business and reputation.

Please join us to consider:

  • The role of the Regulator - Shane Lynch, Chief Executive of the Utility Regulator in Northern Ireland will introduce the session by highlighting the importance of the regulation process;
  • The arrival of the Regulator - a short film clip will demonstrate the impact of an unannounced visit from the Regulator;
  • The lawyer's perspective - Leigh Linton from Carson McDowell will discuss how its lawyers would advise clients to respond on the day of the visit and during any subsequent investigation, including on matters of legal privilege, directors liabilities and communication with the Regulator;
  • The role of an investigator - Clare Kennedy and Alistair Craig from PwC's Forensics team will outline the benefits of running your own investigation in tandem with the Regulator, including the identification and collection of all relevant evidence, the need for adequate data management procedures to ensure you can retrieve the information required by the Regulator, and the pitfalls associated with a poor investigation; and
  • The view of the Regulator - Glenn Houston, Chief Executive of Northern Ireland's health and social care Regulator, RQIA, will offer his own insights into the regulation process, including how to build a working relationship with the Regulator.

To reserve a place please click on the 'Register' button above or contact Kim McKnight, (E) (T) 02890 347400. There is no charge for this event.