FCA publishes its first annual report-on the perimeter

Regulatory Updates | 19/06/19

The Financial Conduct Authority has published its first annual perimeter report. The FCA perimeter determines which firms require authorisation and what level of protection consumers can expect for the financial services and products they purchase. The report, which will be published yearly, sets out:
• what the FCA does and doesn’t regulate
• what challenges the perimeter presents and the actions the FCA is taking to overcome them
• what this means for consumers
• whether there are any issues with the perimeter which might require legislative or other changes