Sara Cody

Sara is a Counsel specialising in UK contentious regulatory work. She has experience of all aspects of regulatory enforcement work and has written extensively on both FCA/PRA enforcement decisions and UK, EU and global enforcement trends. Sara leads the development of Linklaters’ thought leadership and horizon-spotting work in this area, focusing on publications comparing the approach of national financial regulators across the globe to enforcement issues and relevant developments.
 
Sara, provides in-house technical expertise and support to Linklaters’ market-leading contentious regulatory practice in all aspects of its work and directs Linklaters internal training and knowhow programme here. She is frequently called upon by clients to design and deliver bespoke training on the FCA and PRA enforcement process and to advise on the conduct of investigations skills more generally, providing innovative solutions to enable firms to respond effectively. Sara has a particular interest in assessing developments in regulatory enforcement and the law of privilege in the context of investigations work and assists clients in navigating the practical implications of legal change in this context. More recently, Sara has been working with clients implementing the FCA’s new Consumer Duty.
 
Sara regularly works with industry bodies responding to FCA and government consultations on proposed regulatory change and related FCA/member engagement. She sits on the Consulting Editorial Board of Lexis PSL and the knowledge forum of a major retail bank.

Practice Area

Panel

  • Consulting Editorial Board

1 Contributions by Sara Cody

FCA and PRA search and seizure: FSMA 2000 s 176 warrants, dawn raid preparation and response, co‑operation duties, criminal risks and privilege
PRACTICE NOTES
FCA and PRA search and seizure: FSMA 2000 s 176 warrants, dawn raid preparation and response, co‑operation duties, criminal risks and privilege
Search and seizure—the law The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) (together, the Regulators) possess powers to enter premises and carry out searches and seizures under a warrant. The chief power, and the focus of this Practice Note, arises under section 176 of the Financial Services and Markets Act 2000 (FSMA 2000). A range of the Regulators’ other key powers—exercisable both with and without a warrant—are outlined below under Other powers of search and seizure. This Practice Note: sets out the Regulators’ powers of entry, search and seizure examines the duties on firms and individuals to co‑operate with the Regulators offers practical guidance on preparing for a dawn raid details how firms and individuals should respond when a warrant is executed Power to apply for warrant Under FSMA 2000, s 176, the Regulators may apply to a magistrate for a warrant to enter premises where documents or information are kept. A magistrate may issue a warrant only if satisfied, on information given on oath by either Regulator or an investigator, that there are reasonable grounds for believing that one...
Financial Services
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