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

FSCS declares IFA Ltd and AXG Advice in default

FSCS declares IFA Ltd and AXG Advice in default

Leeds and London advice firms face claims

Isabel Baxter
clock 06 May 2025 • 2 min read
FOS complaints rise 49% as investment disputes surge

FOS complaints rise 49% as investment disputes surge

Over 140,000 cases were lodged in H2 2024

Sahar Nazir
clock 06 May 2025 • 2 min read
Dennis Hall's open letter to the FCA: Time to retire RU64

Dennis Hall's open letter to the FCA: Time to retire RU64

'The rule is particularly misaligned with client expectations'

Dennis Hall
clock 01 May 2025 • 2 min read