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 four areas of focus and five priority areas of work for the coming year:
The areas of focus are proportionality and cost-effectiveness, volume and pacing of regulatory measures, communications and engagement, and clarity of regulation.
The priority areas of work are:
- Innovation and new entrants
- Culture and governance
- Fair outcomes for consumers
- Future of regulation