As part of the Panel’s aim to provide early and effective practitioner input into the FCA’s policy development from a smaller firm perspective, it has identified four themes which impact on smaller firms. It has also identified four priority areas of work for the coming year:

 

Themes

Proportionality and cost-effectiveness

Volume and pacing of regulatory measures

Communications and engagement 

Clarity of regulation

 

Priorities

Cyber Crime:  Improving protection for smaller firms and their customers

- To advise on communications with smaller firms.

 

Financial and Investment Advice:  Helping improve affordability and accessibility

- To monitor implementation of FAMR recommendations.

 

Indebtedness:  Affordability & Distribution Practitces

 - To highlight and focus the scope of FCA studies on key areas of concern.

 

Extension of Senior Managers & Certification Regime

 - To ensure requirements are proportionate and are fully understood by industry.