UK Conduct Regulator Publishes Annual Report
07/09/2019The U.K. Financial Conduct Authority has published its Annual Report and Accounts for the year ended March 31, 2019. The report considers topics including: (i) key highlights from 2018/2019; (ii) the U.K.'s withdrawal from the EU and the FCA's proposed approach to regulation in the wake of Brexit; (iii) the FCA's cross-sector and sector priorities; and (iv) perimeter issues. The report follows the publication of the FCA's first Annual Perimeter Report in June 2019, which provides a review of the FCA's regulatory perimeter.
Key FCA milestones for the year include: extension of the Senior Managers & Certification Regime to insurance firms and the upcoming implementation for all FCA solo-regulated firms by December 2019; the first year-assessment of supervisory bodies by the Office for Professional Body Anti-Money Laundering Supervision; and taking action on anti-competitive behavior, including the FCA's first use of its competition enforcement powers.
The report also includes details of the FCA's Abnormal Trading Volume ratio, a new measure of "market cleanliness" developed by the FCA.
The FCA has also published reports on specific areas of FCA supervision, including:
- Anti-Money Laundering Annual Report
- Competition Annual Report
- Diversity Annual Report
- Modern Slavery and Human Trafficking Statement
The FCA's Annual Public Meeting will be held on July 17, 2019, where the Annual Report and Accounts for 2018/2019 will be discussed. Firms, consumers, trade associations and other interested parties are invited to attend.
View the FCA's Annual Report and Account 2018/2019.
View details of the FCA's Annual Perimeter Report.
View the FCA's statement on the Abnormal Trading Volume ratio.
View the FCA's Anti-Money Laundering Annual Report.
View the FCA's Competition Annual Report.
View the FCA's Diversity Annual Report.
View the Modern Slavery and Human Trafficking Statement.
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