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PIMFA paper on future of UK supervision highlights areas where FCA is ‘falling short’

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Published on: 03 March 2020

Published by LNB News

LNB News 03/03/2020

Document Information

Issue Date: 03 March 2020

Published Date: 03 March 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Personal Investment Management and Financial Advice Association (PIMFA) has published a paper on the future of UK supervision entitled ‘FCA supervision—fit for purpose?’. The paper outlines PIMFA’s and its members’ key concerns, suggestions and feedback regarding supervision and its future in the UK, and identifies several areas where PIMFA considers the FCA to be falling short in its role as a supervisor in delivering its regulatory objectives.

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