The Financial Services Practitioner Panel is seeking feedback from regulated firms on the performance of the FSA through a survey.
The panel’s biennial survey looks to gather industry views on the FSA to establish a track record on effectiveness and performance over time.
The survey is the second stage in the panel’s assessment of the regulator, with the first stage consisting of a series of interview with senior staff in a cross-section of regulated firms.
Feedback from the initial stage is used by the panel to identify issues for inclusion in the questionnaire sent to regulated firms.
Around 10,000 regulated firms will receive the postal questionnaire over a two-week period.
All relationship-managed firms will receive a survey, along with a representative sample of IFAs, mortgage brokers and general insurance firms.
The panel says all responses will be treated in confidence, and none of the information will be passed to the FSA.
Nick Prettejohn, chairman of the panel, comments: “The survey is an effective tool for communicating practitioners' concerns, views and suggestions to the FSA.
“The higher the response rate, the more authoritative and credible the survey results will be. Past surveys have enabled the Panel to have a significant and direct impact on front-line FSA policy-making and operational development.”
The panel hopes to publish the findings of the survey later this year and will discuss the issues raised with the FSA.
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