Source · Select Committees · Treasury Committee
Recommendation 13
13
Not Addressed
Paragraph: 94
In future, the FCA should set out in its annual perimeter report how its supervisory...
Recommendation
In future, the FCA should set out in its annual perimeter report how its supervisory strategies and policies reflect the activities of authorised firms both within and outside the perimeter.
Government response summary AI-generated
The government response discusses improving consumer support and guiding consumers towards better investment decisions through ongoing work, but does not address the recommendation for the FCA to detail its supervisory strategies in its annual perimeter report.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
94
Government Response
Not Addressed
HM Government · verbatim extract
Not Addressed
Our annual perimeter report, that we first published in 2019, seeks to provide greater clarity to stakeholders on the FCA’s role, and to set out specific issues that have arisen around our perimeter. We will take this feedback from the Committee into consideration when drafting our next annual perimeter report, which we plan to publish in Autumn 2021. As you know, the Government has also agreed to jointly assess the state of the perimeter each year via a meeting between our Chief Executive and the Economic Secretary to Treasury, to discuss the report’s contents. This is in addition to our regular engagement with the Treasury on perimeter issues.
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