The Panel’s aim is to provide early and effective practitioner input into the FCA’s policy development from a smaller firm perspective. Within the overall objective of considering the impact of regulation on smaller firms it has identified five priority areas of work for the coming year:
- To help the FCA develop its understanding of how smaller businesses contribute positively to a strong, competitive market
- To support the development of good communications from the FCA and smaller businesses
- To support the FCA’s priorities and ensure future regulation is clear, transparent, and fit for purpose
- To help the FCA understand the cost of regulation for smaller firms
- Supporting the FCA’s Transformation programme