- the FCA’s approach to the supervision of firms
the conduct and prudential categories which has been assigned to the firm, based on the FSA’s view of the potential impact of the firm on the FCA’s objectives:
- all firms have now been assigned one of four conduct classifications (C1-C4)
- FCA-regulated firms will also have been assigned one of four prudential classifications (P1-P4)
- what this means for the firm – this is dealt with more extensively in the factsheet; and
- next steps
In late April 2013, the FCA will write a further letter to all firms that have a dedicated supervisor:
- to confirm the details of who their supervisor will be; or
- if a firm has changed to no longer having a dedicated supervisor, what this means for the firm in more detail.
Firm that do not currently have a dedicated supervisor will continue to use the Customer Contact Centre as their first point of contact with the FCA.
On 25 March 2013, the FSA will publish the following:
- a policy statement with the text of regulatory disclosure requirements for firms and transitional arrangements (see also the consultation proposal)
- a policy statement with final FCA guidance on the threshold conditions for authorisation (see also the consultation proposal)
In April 2013, the FSA will also publish a consultation paper on fees rates.