The FCA has set out the key themes following feedback, to date, on its October consultation paper on its future mission. The key themes are: (i) desire for clarity and sense of direction; (ii) affording more protection to vulnerable consumers; (iii) rules versus principles - some firms are keen on clear sets of principles for business rather than prescriptive rules, while others prefer more clarity on existing rules as they feel these are often too vague; and (iii) there should be more active engagement with firms by the FCA.