The Financial Conduct Authority (the FCA) has set out the final revisions in the enforcement guide, including a changed research publicity policy.
The FCA insists that the updated enforcement guide will be a more user -friendly document that benefits companies and consumers.
The streamlined guide should make it easier for companies and advisers to access important information.
In a statement, the FCA said: “We will assess the impact of the revised enforcement guide and the trust of the public and industry in our enforcement work. We will also proactively follow other relevant data and feedback from stakeholders we receive.”
The supervisor stated that her enforcement work directly reduces the damage that causes fraud and financial crime to the international reputation, growth and competitiveness of the British markets.
But it also acknowledged that the average research times were too long. The FCA insisted that he had focused his file of enforcement cases in accordance with his strategic priorities and had significantly accelerated its research.
The FCA published its enforcement guide for the first time in 2007 and has grown considerably since then.
The recent consultation included proposals for a new research publicity policy to offer a measured increase in transparency under a ‘public interest’ test. After feedback, the FCA has revised these proposals and limited the resulting policy changes and retain its ‘exceptional circumstances’ test in its existing research publicity policy for regulated companies.
Last week MS emphasized FCA intention To make it easier for companies to submit complaints data from customers by standardizing the number of times that it requires regulated companies to send this data.
The idea is that this would help companies to plan more effectively and help the regulator to process the information more consistently.