The Financial Conduct Authority (FCA) this week published its approach to advancing its objectives.
Martin Wheatley, Chief Executive says in the documents introduction:
The main purpose of this guidance is to show how we intend to meet our three operational
objectives – securing an appropriate degree of protection for consumers; protecting and
enhancing the integrity of the UK financial system; and promoting effective competition in the
interests of consumers in the markets – and to explain what can be expected from us.
This guidance provides consumers, firms and other interested stakeholders with clarity about
the approach we will be taking under the current regulatory regime.
You can read the full document here.