On 5 November 2015, Jamie Symington, Director in Enforcement (Wholesale, Unauthorised Business and Intelligence) at the Financial Conduct Authority (FCA), delivered a speech in which he discussed how firms should conduct internal investigations.

Mr Symington encouraged early engagement with the FCA, and underlined the importance of “transparency” as a general core value (in particular, in relation to the methodology of an investigation). He also noted that companies should not expect to be rewarded in situations where they self-report to the FCA but fail to provide proper access to their sources, as the lack of such access may require the FCA to reinvestigate the matter itself.