The consultation relates to the proposed changes to the FCA’s process, the aim being to enable faster and more effective decisions to be made. This will help the FCA improve how it tackles firms and individuals who do not meet the required regulatory standards.

It is proposed that the FCA’s decision making and governance process will be streamlined, moving some decision making from the Regulatory Decisions Committee (RDC) to the Executive.

You can read the full consultation paper here CP21/25: Issuing statutory notices – a new approach to decision makers (fca.org.uk)

The Council will be submitting a response to the consultation.

Members who would like to submit their views within the Council’s response should email [email protected].

The deadline for the Council to receive your responses is 5 September.