The Financial Conduct Authority has committed to improving the pace and transparency of its investigations as part of an overhaul of its enforcement policy.
In a consultation paper published today (27 February), the regulator set out a number of proposals for a new approach to publicising enforcement investigations. Under the plans, the FCA will publicly announce that it has opened an enforcement investigation into a firm, including the identity of the subject, and publish updates on progress if it considers that it is in the public interest to do so. The financial watchdog will also be more open about when cases have been closed with no enforcement outcome. FCA opens investigation into Home REIT This marks a departure from the cur...
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