Legal News

Sheldon Mills discusses the FCA’s approach to its growth and competitiveness objective

Published on: 29 June 2023
Published by LNB News

LNB News 29/06/2023

Document Information

Issue Date: 29 June 2023

Published Date: 29 June 2023

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

Article summary

The Financial Conduct Authority (FCA) has published a speech by its executive director for consumers and competition, Sheldon Mills, on the regulator’s growth and competitiveness objective and the ways in which the FCA seeks to promote and support UK economic growth. Mills stressed that the new objective would not mean the FCA bends its supervisory and enforcement work, or distorts its rules, to ensure competitiveness at all costs, but will ‘carefully assess the secondary competitiveness objective in the light of our primary objectives when carrying out our work’.

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