When the Financial Services Authority’s (FSA’s) enforcement regime started on 1 December, 2001, one of its most innovative features was the availability of mediation in disciplinary proceedings against either authorised firms or approved persons.
Administered by Cedr Solve, the Centre for Effective Dispute Resolution’s (Cedr’s) dispute resolution and prevention service, the scheme mirrors the way in which alternative dispute resolution has increasingly become part of the litigation landscape in recent years.
