FCA skilled persons reviews 'a distraction from compliance', experts warn

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Compliance officers in small and medium-sized financial institutions in the UK are struggling to meet their day-to-day commitments when faced with a Financial Conduct Authority (FCA) skilled persons review, industry commentators are warning. The comments come as the industry awaits the release of the FCA's latest quarterly update on the number of skilled persons reviews it has ordered. The regulator has the power to order firms to employ an independent examiner – a 'skilled person' &nda