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

Clarity of regulation

Communication and engagement with flexible portfolio firms

Cost-effectiveness and value for money

 

Priorities

House Views

– To ensure house views accurately reflect risks and issues facing smaller firms

 

Thematic Reviews/Market Studies

- To ensure terms of reference focus on priority areas

 

Consumer Credit

 – To improve FCA understanding of the key issues

 

Financial Advice

 – To help improve affordability and accessibility