Career in PE in UK with an FCA breach?

From my understanding, UK Private Equity industry is less stringently regulated by FCA vs banks. In case of an FCA breach, specifically conduct rule 2 (didn't act with sufficient due skill, care and diligence), how difficult will it be to get a job in PE in the UK? Is It a major obstacle? Did anyone have experience?

Comments (3)

 
  • Associate 2 in IB - Ind
Oct 23, 2020 - 6:05pm

The Buyside is regulated by an entity called Raymond James. It is incredibly challenging to get a job there without a breach, would imagine it would be impossible with one. I've been trying to exit with my skills to RayJ for years. Best of luck. 

 
  • Associate 1 in PE - LBOs
Oct 23, 2020 - 6:07pm

I believe all PE firms do a FCA check in which case it'll show up...but really depends upon how badly one screwed up. What's bothering you? 

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