Skilled persons (s166) reviews

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have the power to commission reviews by Skilled Persons under Section 166 of the Financial Services and Markets Act, as amended by the 2012 Act (FSMA), to enable them to obtain an independent view of aspects of a firm's activities that are deemed to provide cause for concern. There are two types of review that may be commissioned. These are known as
• s166 Reports by Skilled Persons; and/or
• s166A Appointment of Skilled Person to collect and update information.

Skilled Person Panel

In 2013, the regulators established a panel of Skilled Person Firms (‘the Panel’) effective from 1 April 2013 until 31 March 2017. As of 1 April 2017, a newly refreshed panel has been formed and will be reviewed again in 2021.

The Panel has been developed to ensure a consistent, high quality and transparent approach to conducting Skilled Person Reviews.

Mazars is pleased to have be reappointed to various ‘Lots’ by the regulators.

Please click on the links below to see the Skilled Person Panel listing and the associated Lot descriptions.

Skilled Person Panel 2017 to 2021 

Lot Descriptions