Mock FCA Exams

The Greyline U.K. team includes former FCA supervisors with experience examining alternative asset managers, so we are well equipped to conduct your firm’s mock FCA exam.

An FCA exam is typically narrow in focus. Where a mock FCA exam is being undertaken as a precursor to an actual FCA visit, we aim to understand the nature of the visit and mimic this as closely as possible. These may be thematic visits focused on market abuse controls, financial crime controls or topical areas of interest, such as MiFID II research payment controls, best execution or the handling of personal data.  Since FCA visits are typically discussion-led, preparation normally includes mock interviews with the individuals that the FCA requests to speak with. We also review any information requests, and review and comment on any information to be provided to the FCA.

Another style of FCA visit is the enforcement-led or intelligence-led visit, where there is a specific event or area of concern that prompts the visit. In this case, a very different approach is required to prepare. With our extensive experience in this area, Greyline can offer assistance in determining the nature of the visit and the most appropriate course of action.

If an actual FCA visit is not imminent, we work with the firm to achieve its desired type of mock FCA examination and outcome. In this case, one of our other services, such as a market abuse risk/controls assessment, MiFID II implementation review or an FCA health check, may be the more appropriate course of action.

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Darren Mooney

Partner and Co-Head of Business Development

Darren Mooney is a Partner and the Co-Head of Business Development at Greyline. Before joining Greyline, Darren served as deputy chief compliance officer of Partner Fund Management where he held primary responsibility for the compliance program of the second-largest hedge fund in the Bay Area. Prior to that, Darren spent five years providing compliance consulting services at Cordium and then ACA Compliance Group, where he led the company’s San Francisco office and west coast operations. In addition to providing ongoing consulting services to a variety of investment managers, including hedge fund, private equity, venture capital, real estate, quantitative and other wealth managers, Darren also regularly guided clients through the SEC registration process, implemented tailored compliance programs, supported clients’ live SEC exams, and served as an SEC-mandated independent compliance consultant following an SEC enforcement action. Darren’s other experience includes serving as deputy chief compliance officer and associate counsel at F-Squared Investments where he directly supported the compliance program during the investigation and subsequent enforcement regarding historical advertising practices. Darren has a B.S. in Economics from the University of Delaware and a J.D. from Suffolk University Law School. He is a member of the Massachusetts bar.

Annie Kong

Partner and Head of Venture Capital
Annie Kong is a Partner and Head of the Venture Capital Division at Greyline. She provides ongoing compliance consulting to investment advisers and manages client relationships. Prior to joining Greyline, Annie was part of compliance and operations at a long-only manager-of-managers that advised pension fund clients. While there, she conducted compliance and operational due diligence on SEC-registered investment advisers on the platform. She also oversaw and counseled on various legal matters across the firm. Annie has a B.A. in Economics from the University of California, San Diego, and a J.D. from the University of San Diego School of Law. She is an active member of the State Bar of California.
Greyline is pleased to announce that we are the recipient of the 2021 HFM U.S. Service Award in the Best Technology Firm – Newcomer category.