In March 2018, we published Our Approach to Supervision Consultation Paper. This was the start of a formal consultation with our stakeholders about supervision and how it fits into the overall regulatory system and decision-making framework. The feedback we received during the consultation was supportive of our approach and we have used it to inform our Approach to Supervision and feedback statement.
The Approach to Supervision and feedback statement explains the purpose of, and our approach to, supervising firms and individuals and the public value it delivers.
It sets out:
- our role in ensuring fair and honest markets
- why and how we prioritise our supervision work
- how, in practice we supervise the firms and individuals we regulate
Our Approach to Supervision is part of the series of documents that we committed to in our Mission, providing transparency to our activities and explaining our approach in more depth.