Select committee: Financial Services Regulation Committee
Conclusion 6
1st Report - Naming and shaming: how not to regulate
Published 6 Feb 2025
Paragraph 63
Financial Services Regulation Committee FCA enforcement guidance consultation All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
The original proposal giving firms 24 hours’ notice of the announcement of an investigation was insufficient given the amount of activity required to prepare for such an announcement. The revised proposal, to give firms 10 business days to make representations, is a sensible change but we expect the FCA to consider carefully any consultation responses on whether the two days’ notice of publication of any announcement is sufficient for firms.
From: Financial Services Regulation Committee, 1st Report - Naming and shaming: how not to regulate, paragraph 63, 6 February 2025
Government response
No government response is linked to this report.