Treasury Committee reports on regulatory perimeter

Industry News | 02/08/19

The Treasury Committee has published a report on the regulatory perimeter of the Financial Conduct Authority (FCA), in which it expresses concern about the complexity of the perimeter and the grey area at its edge. The report, which follows on from the FCA’s Perimeter report 2018/19, focuses on the FCA’s powers at the perimeter, non-regulated activities carried out by regulated firms, the ability of the FCA to warn on consumer products outside the perimeter, the role of HM Treasury, the present system for changing the perimeter, and the information gathering powers of the FCA.