The FCA has published its Regulation round-up for April 2016. The round-up outlines the content of the FCA’s Business Plan 2016/17 which explains the FCA’s priorities for the year ahead. These priorities include financial crime and anti-money laundering, advice, innovation and technology and the treatment of existing customers. The Business Plan also looks at the FCA’s work for the year ahead, which will include developing policy to extend the Senior Manager and Certification Regime to all FSMA firms and the launch of the ‘Regulatory Sandbox’, which is described as giving firms ‘a safe place to test innovative products and services’.
Other key highlights are:
- The results of a survey of 17 retail banks and building societies on how they ensure customer understanding of their products.
- The launch of the newly redesigned FCA website in June 2016.
- Updates on information about the Mortgage Credit Directive on the FCA’s website as well as information on independence of firms who are mortgage providers.
- A speech by Tracey McDermott, FCA Acting Chief Executive, on the regulation of consumer credit since its transfer to the FCA from the OFT.