FCA Supervision and Enforcement Approach

The FCA has set out its approach to supervision and enforcement in a number of documents, further to its earlier publication of its Mission, explaining its Regulatory approach.

The FCA has set out its approach to supervision and enforcement in a number of documents, further to its earlier publication of its Mission, explaining its Regulatory approach.

In its latest documents, the Regulator considers supervision as ‘the continuing oversight of firms and of individuals controlling firms to reduce actual and potential harm to consumers and markets’. The Supervision document includes the FCA’s supervisory principles, priorities and focus and ‘supervision in practice’ covering identification of harm, diagnostic tools, remedy tools and evaluation.

Its enforcement document describes the Regulator’s conduct of investigations and its powers, including how it identifies harm, diagnosing harm through its investigations, sanctions and remedies and evaluating its approach to enforcement and measuring performance.

Deadline for comments on both documents is 21 June 2018, with the final approach documents due to be published, before the end of 2018.

Further information:
To read the full approach documents, please follow this link:
https://www.fca.org.uk/news/press-releases/fca-sets-out-its-approach-supervision-and-enforcement

Contact us here

 


Other Links

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FCA EMIR update – intragroup exemptions

 

FCA Global Sandbox

FCA Global Sandbox

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Met Facilities Updates: Amendment on FCA Handbook

Met Facilities Updates: Amendment on FCA Handbook

 

Please Note: This publication is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Readers should take legal advice before applying the information contained in this publication to specific issues or transactions.

 

Source and credit: Compliancy Services


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FCA Supervision and Enforcement Approach

FCA Supervision and Enforcement Approach

Melissa Lewis

Melissa Lewis

Digital Operations Manager at Met Facilities LLP
Melissa Lewis

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