Opinion  

FCA plan shows the regulator has been listening

Liz Field

Liz Field

The above is not a comprehensive list of work the FCA intends to undertake and we expect the regulator to set out further measures in line with its recent call for input into the consumer investment market in the coming year.

More broadly, the FCA has indicated that it will review rules of primary and secondary markets and we continue to work closely with them and government on how the rules can be more effective and targeted following our exit from the EU.

It will also be pushing ahead with its recent consultation on the consumer duty. Pimfa is currently engaging with the FCA on this and continues to consult businesses on their views.

These are, of course, aspirations on behalf of the FCA and we will continue to hold it to account to ensure that these aspirations are met and discharged in a manner that makes it easier and more cost effective for businesses to operate in an ever-changing regulatory environment. 

We need to keep a continuing watchful eye on regulatory costs that impact businesses and ultimately the clients they serve.

Liz Field is chief executive of Pimfa