FCA publishes Mission and Fees Consultation Paper
The Financial Conduct Authority (FCA) has published its final Mission document which gives firms and consumers greater clarity about how we prioritise our interventions
in financial markets.
Mission serves the public interest through the objectives given to the FCA by Parliament. It explains the intervention framework for the strategic decisions that are made, the reasoning behind their work and the way they choose the tools to do it.
Alongside the Mission, the regulator has also published its Business Plan and Fees consultation. For the first time, the FCA has also published its sector views, which highlight the issues and developments in the sectors it regulates.
The Mission document can be viewed at: http://bit.ly/2puHB33
The UK’s Prudential Regulation Authority has published a package of final rules, guidance and proposals on accountability
The EU General Data Protection Regulation (GDPR) will apply in the UK from 25 May 2018. It is an essential step forward in enhancing the privacy and security of personal data.
The FCA has announced new dates and venues for the following ‘live and local’ events across the UK, which are aimed specifically at general insurance firms.