| Link(s): | Supervisory correspondence | FCA |
Context
The FCA has updated its Supervisory Correspondence web page to include information on historical letters and market reports.
Key points to note and next actions
- In relation to historical letters, the FCA has marked most supervisory correspondence pre-dating April 2022 as ‘historical’ and no longer current. This makes it easier for firms to find supervisory communications setting out the FCA’s current views. The FCA does not expect firms to refer to these historical letters when interpreting its current supervisory expectations, but it has kept them publicly available for reference.
- In its 2025 to 2030 strategy, the FCA has committed to a smaller number of priorities aligned to the strategy. It will, therefore, streamline how it sets and communicates its supervisory priorities, publishing a small number of market reports once a year, detailing the risks and opportunities it sees. This will mean that more regulated firms will have direct contact points with the FCA, providing better access and to the FCA with improved market intelligence.
- Future portfolio communications will be included in market reports, and the FCA will continue to share insights from its supervisory work, helping more firms learn lessons from the experience of others.