Understanding the FCA's first competition law action against asset managers

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This session will cover the FCA’s first competition law enforcement action, taken against three asset managers. The session will highlight the key aspects of the case and its implications for assets managers and practical tips on how to ensure competition law compliance.

The goal of the session is to provide participants the knowledge and insight necessary to ensure that their own firms’ controls reflect legal requirements and regulatory expectations, reducing regulatory risk in the context of competition law (UK and EU).

Who should attend?

Staff in legal, compliance and operations at any level of seniority
Staff in trading and investment functions at any level of seniority

Please see below for a full overview of the session.

Speakers

Satyen Dhana

Partner, Simmons & Simmons

Key Learning and Objectives and Course Outline

Key Learning Objectives

At the end of the session participants will be able to:

Describe the key elements of competition law
Assess how competition law applies to their firm and its products
Understand the FCA’s expectations when it comes to the practical application of competition law
Identify steps they need to take to ensure compliance with competition law

Course Outline

An explanation of the scope of UK and EU competition laws
A detailed walk-through of the types of behaviours that are covered by competition law with particular focus on those behaviours with the greatest relevance to the buy-side
A run through of the FCA’s first Competition Act 1998 enforcement case, focussing on lessons from this case and what this means for the FCA’s approach to competition law enforcement going forward
A workshop session which will feature a series of strategy and scenario-specific case studies designed to demonstrate the application of competition law in practice and the techniques that firms can deploy to manage the risk

Prices

Standard members' rate: £295 + VAT

Standard non-members' rate: £400 + VAT

Cancellations and refunds

Any cancellation must be made in writing. For any cancellation received 15-30 days prior to the course start date, 50% of the course fee is still payable. No refund is given for a cancellation made 14 days or less prior to the commencement of a course. Transferring from one course to another is treated as a cancellation. You can substitute one delegate for another at no additional cost. In this instance, please give two business days’ notice.

Contact information

Please contact Adam Jacobs-Dean ([email protected]) if you have any booking-related queries.