Brace yourself: The five areas under the FCA's microscope

New ‘threshold conditions’ require the FCA to analyse firms’ entire business models, including unregulated business, so that it can ensure the overall business is suitable. Consequently, firms themselves should be reviewing operations across their businesses as a whole. While the risks are broad and, some might say, obvious in some respects, firms should be mindful of complacency. The FCA has outlined the following points to define the priorities for its first year and firms should be aware of where it plans to focus its attention. Priority risks 1 Firms do not design products and ...