Context
The FCA has published on LinkedIn its March Insights, looking at one of its four strategic priorities – becoming a smarter regulator.
Key points to note and next actions
The article comments on:
- The next phase of more effective regulation – referencing the FCA’s recently published annual work programme and focusing on using data and technology, including exploring the use of AI to support faster authorisations, testing new tools to spot key risks sooner, and modernising regulation.
- Making authorisation clearer and more proportionate – introducing faster authorisation targets, supported by clearer metrics and greater transparency.
- Finding out what firms think about the FCA’s authorisation process – outlining how clear communication and early engagement helped a firm’s authorisation application progress smoothly.
- Presenting the FCA’s regulatory priorities – in its new suite of Regulatory Priorities Reports.
- How the FCA communicates numbers – seeking to communicate in a way which gives greater clarity and strengthening the way it presents data by becoming Plain Numbers practitioners.