Recommendation 21

Following its second consultation, on CP24/2 Part 2, the FCA needs to be able to demonstrate that stakeholders’ concerns have been addressed by these new proposals and that the motivations behind the proposals have been clearly articulated and understood. This should include setting out the evidence to support this and , if necessary, additional amendments to its proposals to address any further concerns raised. We ask the FCA to report back to this Committee with its findings before the changes are implemented.