Our approach to regulation - Financial Conduct Authority

Our approach to regulation

Last Modified: 28/01/2015
We have a proportionate approach, prioritising our work on the areas and firms that pose a higher risk to our objectives.

Authorisation

When we decide whether to authorise a firm or individual, we measure how well we believe they will meet our expectations and the risk they pose to our objectives. If they do not meet our standards, we do not allow them to enter the market.

Supervision

As we supervise firms, our focus is to make sure that consumers are at the heart of a firm’s business.

We make risk-based judgements about whether the firm’s business model and how it is run results in fair treatment for consumers, that it upholds market integrity and, for those firms that we prudentially regulate, that it is financially sound.

We intervene early where we see poor behaviour, taking action to prevent harm to consumers and markets and secure redress where appropriate.

Enforcement

If we find poor practice, we use our enforcement powers to ensure that firms and individuals that don’t follow our rules do not damage consumer interests or the integrity of and confidence in the financial markets.

Annual Report 2014/15

Our Annual Report sets out how we have performed over the last year.

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Business Plan 2015/16

Our Business Plan sets out the activities that we intend to carry out in 2015/16 and incorporates our Risk Outlook.

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