FCA to introduce 'streamlined' enforcement process

Parties who wish to contest certain facts, or whether regulatory beaches in question arose from certain facts, will be able to do through a ‘focused resolution agreement' solely in front of the Regulatory Decisions Committee (RDC) - a board committee that is operationally separate from the rest of the FCA and takes decisions on behalf of the regulator relating to enforcement and supervisory actions. The FCA said the new policy could also help develop a body of more detailed decisions that can be translated into clear advice for other firms and individuals. Those partly contesting cases w...