Most fixed firms agree FCA regulation enhances UK's reputation

More than half agree regulation is aligned with rules imposed by other regulators

Isabel Baxter
clock • 1 min read

Most fixed firms agreed that Financial Conduct Authority (FCA) regulation enhances the reputation of the UK as a financial centre.

For the FCA & Practitioner Panel 2023/24 survey, firms were shown a series of statements to gauge their views on the impact of FCA regulation on financial services. Back in February, the regulator said that it will be collecting views from an increased sample of flexible firms this year, totalling 25,000.  It found that a majority of fixed firms agreed that FCA regulation enhances the reputation of the UK as a financial centre (84%), up from 78% in the 2022/23 survey results. Meanwhile, 75% said the FCA's regulation and delivers better outcomes for consumers. This also saw an increase...

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

FCA stands firm on not advocating for legislative change on AI

FCA stands firm on not advocating for legislative change on AI

‘That is the appropriate proportionate response’

Sophia Panayi
clock 22 October 2026 • 2 min read
FCA deputy CEO confirms simplified advice rules will  be published 'soon'

FCA deputy CEO confirms simplified advice rules will be published 'soon'

Sarah Pritchard speaks at the Investment Association Annual Dinner

Sophia Panayi
clock 22 October 2026 • 2 min read
FCA bans and fines ex-CEO after misconduct led to £4m losses in mini-bonds

FCA bans and fines ex-CEO after misconduct led to £4m losses in mini-bonds

Vector Wealth’s Jeffrey Dawkins fined almost £270,000

Sophia Panayi
clock 21 October 2026 • 1 min read