Since the financial crisis, one of the key priorities of the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) has been individual accountability. This book addresses the regulatory and employment law challenges that arise from the FCA’s and PRA’s requirements.

The expert team of writers examine in depth the provisions of the Financial Services and Markets Act 2000 which relate to individuals, and the associated requirements of the PRA and FCA. The topics addressed include:

  • The Senior Manager, Certification and Approved Person Regimes
  • Regulatory references and whistleblowing
  • Disciplinary investigations, enforcement and sanctions
  • Notifications, ‘Form C’, and fitness & propriety
  • Bonus disputes and the Remuneration Code

Conduct and Pay in the Financial Services Industry considers the full extent of an individual’s employment, from pre-contractual discussions to the post-termination clawback of remuneration. It is a vital reference for lawyers and human resources professionals working within the financial services industry, both in-house and in private practice. It will also be of interest to all academics, regulators and policy-makers involved in this sector.

chapter 1|9 pages


part I|229 pages


chapter 2|22 pages

The Conduct Regime

chapter 3|8 pages

Fitness and Propriety

chapter 4|19 pages

The Approved Persons Regime

chapter 5|15 pages

The certification regime

chapter 6|39 pages

The Senior Managers Regime

chapter 9|38 pages


chapter 10|24 pages


chapter 11|25 pages

Enforcement procedure

part II|62 pages


chapter 12|21 pages


The general law

chapter 13|34 pages

The remuneration codes

chapter 14|5 pages

Malus and clawback

Further discussion