The Financial Conduct Authority (FCA) has launched its new threeyear strategy, with the stated aim of improving outcomes for consumers across all markets throughout the UK.

The strategy document set out three areas of focus for the FCA as strategic priorities until 2025. These include:

  • reducing and preventing serious harm 
  • setting and testing higher standards and 
  • promoting competition and positive change

As part of these areas of focus, the FCA has confirmed it will be quicker to remove firms which are not meeting the FCA’s minimum standards. The FCA has also pledged as part of its ongoing consultations and collaboration with the Treasury, to improve its supervision and oversight of Appointed Representatives.

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