The main point of our proposals is to be transparent about our enforcement action early on. The financial services industry and consumers will be able to understand the types of behaviour that we consider unacceptable at an earlier stage, which will help promote credible deterrence.
This paper should be read by all firms. As these proposals concern the transparency of the FCA’s enforcement process, they are also likely to be of general interest to consumers.
Send us your comments by 18 June 2013.
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