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 Treasury Select Committee has published its report on the Solvency II Directive – the harmonised EU-wide insurance regulatory scheme.
The Prudential Regulation Authority (PRA) has published a policy statement on amendments and optimisations to the senior managers regime
The FCA has announced that it is inviting responses on a number of options for changing both the funding of the FSCS and the coverage it provides to consumers