Correspondence

Recommendations for the Financial Conduct Authority: March 2021

Letter from the Chancellor of the Exchequer to the Chief Executive of the Financial Conduct Authority (FCA) providing recommendations for the FCA

• From: HM Treasury and The Rt Hon Rishi Sunak MP
• Published: 24 March 2021

This was published under the 2019 to 2022 Johnson Conservative government

Documents

Recommendations for the Financial Conduct Authority: March 2021

Ref: ISBN 978-1-911680-74-1, 3112

PDF, 78.5 KB, 6 pages

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Recommendations for the Financial Conduct Authority: March 2021

Ref: ISBN 978-1-911680-74-1, 3112

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The FCA is the conduct of business regulator of all financial services firms in the UK. It is responsible for ensuring relevant markets function well, the conduct supervision of all financial services firms and the prudential supervision of any firms not supervised by the Prudential Regulation Authority. The FCA is also a concurrent competition regulator.

The Financial Services and Markets Act 2000 requires the Treasury, at least once in each Parliament, to make recommendations to the FCA about aspects of the economic policy of the government to which the FCA should have regard when advancing its objectives and discharging its duties.

This letter fulfils the Treasury’s statutory requirements detailed above.

Published 24 March 2021