The job of enforcement is to help the FCA change behaviour by making it clear that there are real and meaningful consequences for those firms or individuals who don’t play by the rules.
Credible deterrence will remain central to our enforcement approach. We will produce timely, robust and cost effective outcomes to help the FCA achieve its objectives of making sure that firms put consumers at the heart of their business and markets work well.
We will build on the progress already made by:
We are committed to identifying potential problems at an early stage, and will continue to work closely with other organisations both at home and abroad to combat financial crime.
We use a wide range of Enforcement powers – criminal, civil and regulatory – to protect consumers and to take action against firms or individuals that do not meet our standards.
Publishing notices is important to ensure the transparency of FCA decision-making; it informs the public and helps maximise the deterrent effect of enforcement action.
We issue alerts about financial services firms and individuals, based both overseas and in the UK, which are operating without FCA authorisation.
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