Our future Mission, launched on 26 October 2016, outlines the key questions we face as a financial conduct regulator. We want to share some of the key themes from your feedback so far.
Your views, input and challenge on the significant and complex issues that underpin financial conduct regulation will contribute directly to the development of our future Mission.
We cannot reply individually to all comments, but these are the themes that are beginning to emerge.
Please let us know what you think.
Desire for clarity and sense of direction
Respondents are keen on a clearer rationale for our decisions, what we choose to do and not to do.
Respondents largely agree with affording more protection to vulnerable consumers but have different views on who a vulnerable consumer is and emphasise the need for clear definitions.
Rules vs principles
Some respondents are keen on clear sets of principles for business rather than prescriptive rules while others prefer more clarity on existing rules as they feel these are often too vague.
Engagement with firms
Respondents think we should adopt a more active role in sharing lessons learned and good practice. Respondents would like more tailored communications that illustrate risks for their particular market.
Find out more about our future Mission.