Industry professionals have raised concerns over the Financial Conduct Authority's (FCA) proposal to publicise investigations earlier as part of new measures to accelerate the pace and transparency surrounding enforcement cases.
The watchdog unveiled the measures today (27 February) which includes publishing regular updates on ongoing investigations and openly disclosing cases that have been concluded without enforcement actions. It outlined in a statement its commitment to expediting enforcement cases, with a focus on delivering impactful outcomes. Personal Investment Management & Financial Advice Association head of regulatory policy and compliance Alexandra Roberts questioned the efficacy of this approach as a deterrent, particularly for firms already committed to unethical practices. She highlighted th...
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