When the regulator knocks, will you be ready? - Nabarro
When the regulator knocks, will you be ready? - Nabarro
When the regulator knocks, will you be ready? - Nabarro
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3<br />
Which of <strong>the</strong> following <strong>regulator</strong>y<br />
authorities is <strong>you</strong>r business subject to<br />
Health and Safety Executive<br />
76%<br />
Financial Services Authority<br />
62%<br />
European Commission<br />
The Pensions Regulator<br />
The Environment Agency<br />
Office of Fair Trading<br />
The Takeover Panel<br />
51%<br />
49%<br />
44%<br />
39%<br />
37%<br />
Sector <strong>regulator</strong> eg. OFCOM<br />
7%<br />
10%<br />
20%<br />
30%<br />
40%<br />
50%<br />
60%<br />
70%<br />
80%<br />
This table shows <strong>the</strong> percentage of our respondents who <strong>be</strong>lieved that <strong>the</strong>ir<br />
businesses were subject to regulation by each of <strong>the</strong> watchdogs mentioned.<br />
In fact, most of <strong>the</strong> companies interviewed, and <strong>the</strong> majority of companies<br />
operating in this country, are subject to scrutiny from all of <strong>the</strong> bodies<br />
identified, with <strong>the</strong> exception of <strong>the</strong> Financial Services Authority, which only<br />
regulates providers of financial services and o<strong>the</strong>r sector-specific <strong>regulator</strong>s.<br />
“Our clients are aware that <strong>regulator</strong>s exist and that<br />
<strong>the</strong>y are important, but it is impossible for any one<br />
person to understand <strong>the</strong> full range of <strong>the</strong> <strong>regulator</strong>s<br />
and <strong>the</strong>ir powers.”<br />
Rob Moulton, Financial Services Partner