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