Source · Select Committees · Financial Services Regulation Committee
Recommendation 134
134
We received evidence that the FCA may not do enough to distinguish between retail and...
Conclusion
We received evidence that the FCA may not do enough to distinguish between retail and wholesale firms, resulting in it regulating business-to-business transactions, or firms focussed on serving sophisticated or wholesale customers, as though they were retail customers.
Government Response
A response document is linked to this report, dated 3 September 2025. Response attribution to this conclusion has not been verified. Read the response document ↗