Number of Skilled Persons Reports commissioned in 2024/25 Q1 (1 April – 30 June 2024)
The FCA has published the April to June 2024 Skilled Persons reports data. If the FCA is concerned about aspects of a regulated firm’s activities or wants further analysis, we can get a view from a third party (known as a ‘skilled person’).
- In Q1 2024/25, six of the fourteen Skilled Persons reports instigated were for the insurance industry.
- This is almost as many as were instigated for insurance on the whole of the 2023/24 year (eight in total)
- There were four skilled persons reports commissioned in relation to Governance, accountability, strategy and culture, with five commissioned for conduct of business.