FCA pledges cooperation with firms to mitigate enforcement

Regulator wants early responses to prevent referrals

Carmen Reichman
clock • 5 min read

The Financial Conduct Authority (FCA) has pledged it will cooperate with firms it intends to refer to enforcement to see if any remedial action by the firm could prevent the referral.

The regulator said in a consultation paper on enforcement published on 14 April it would increase its efforts to make firms understand where a response to a breach of the regulatory requirements was a factor in deciding not to take enforcement action. It already publishes such material, but wants to reach out further to firms by highlighting cases where the extent of cooperation was a large factor in deciding not to refer a case to enforcement. The regulator launched its consultation in response to a Treasury review first published on 18 December 2014, which focused on the transparenc...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Treasury Committee probes FCA leadership on whistleblower enquiry and Palantir relationship

Treasury Committee probes FCA leadership on whistleblower enquiry and Palantir relationship

Agentic AI a priority

Alex Sebastian
clock 13 October 2026 • 2 min read
FCA annual meeting dominated by whistleblower handling criticism

FCA annual meeting dominated by whistleblower handling criticism

After the death of Simon Andriesz

Alex Sebastian
clock 07 October 2026 • 3 min read
FCA secures money back for victims of £1.5m crypto fraud

FCA secures money back for victims of £1.5m crypto fraud

Obtains confiscation orders against Raymondip Bedi and Patrick Mavanga

Sophia Panayi
clock 28 September 2026 • 1 min read