Recommendations for the Financial Conduct Authority: December 2022
Letter from the Chancellor of the Exchequer to the Chief Executive of the Financial Conduct Authority (FCA) providing recommendations for the FCA.
The Financial Conduct Authority (FCA) is the conduct regulator for financial services in the UK. It regulates the conduct of around 50,000 firms, prudentially supervises around 48,000 firms, and sets specific standards for around 18,000 firms.
The Financial Services and Markets Act 2000 requires the Treasury, at least once in each Parliament, to make recommendations to the FCA about aspects of the government’s economic policy to which the FCA should have regard when advancing its objectives and discharging its duties. This letter provides such recommendations.