Priorities

The Panel’s aim is to provide early and effective practitioner input into the FCA’s policy development from a smaller firm perspective.

Within the overall objective of considering the impact of regulation on smaller firms it has the following areas of focus:

Growth and innovation

Creating a regulatory environment where smaller firms can thrive

Ensuring growth is inclusive of all types of business models 

Supporting smaller firms to explore new technologies and innovate

 

Sustainability of smaller firms 

Ensuring a proportionate approach to regulation including supervisory interaction with smaller firms

Reducing regulatory burdens on smaller firms (data requests etc)

Effective regulation including robust CBA of proposed policy (outcomes sought, effectiveness and cost) 

Consumer Duty 

Embedding of the Duty including sharing good and bad practice

Ensuring the impact is proportionate and we minimise unintended consequences