FCA: We are working to reduce 'regulatory overload'

Steps already taken

Tom Ellis
clock • 2 min read

The Financial Conduct Authority (FCA) has laid out its plans to reduce "regulatory overload" after it was identified as an issue by its independent advisory panels.

The regulator said in response to the independent panels' annual reports, it was keen to "reduce the cumulative impact" of its regulatory requirements on firms. The panels, which are made up of the Financial Services Consumer Panel, Practitioner Panel, Smaller Business Practitioner Panel and Markets Practitioner Panel, had raised "regulatory overload" as being an issue the FCA should address. The panels represent the interests of both consumers and practitioners, including smaller regulated firms and financial market participants. The FCA said it was in the process of allocating fi...

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

The impact of the Overseas Fund Regime explained

The impact of the Overseas Fund Regime explained

Initially covers UCITS funds issued in most EU and EEA member states

Mark Rendle
clock 18 August 2025 • 3 min read
Viewing Consumer Duty through the vulnerability lens

Viewing Consumer Duty through the vulnerability lens

Clients can be vulnerable in many ways

Mark Sanderson
clock 14 August 2025 • 4 min read
Why the FCA's data request demands more than compliance

Why the FCA's data request demands more than compliance

Shift towards data-driven regulation arrives at a 'pivotal juncture'

Claire Cherrington
clock 31 July 2025 • 4 min read