FCA enforcement to become 'assertive, proactive and intrusive'

‘You can expect the regulator to take robust action where needed’

Isabel Baxter
clock • 2 min read

When it comes to Financial Conduct Authority (FCA) enforcement action, “it is only a matter of time,” delegates heard.

Speaking at the Personal Investment Management & Financial Advice Association's Consumer Duty Conference yesterday (28 February), Shoosmiths partner Daren Allen said we are going to see a lot of activity on the enforcement side from the regulator.  "It will challenge firms," he warned. "When it comes to FCA enforcement action, for some it is only a matter of time." Allen added that charging is likely to be a key focus for the regulator. He then referenced FCA director of cross cutline policy and strategy Nisha Arora who said on 1 November 2023: "You can expect us to take robust act...

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