FCA’s 2022/3 Strategy and Business Plan

The FCA have set out how they intend to approach the critical issues facing financial services and the FCA in their three-year Strategy and Business Plan for 2022/23, setting out the outcomes they are working towards, how they’ll measure them and how they’ll be accountable.

From the impact of war abroad and the cost of living crisis at home, to innovation in areas like cryptocurrency and social media, and the need to build regulatory frameworks and capabilities for the future, there is much to address.

Their plans mark the next major step towards a more innovative, assertive and adaptive FCA, building on the important progress they’ve made. 

FCA’s 2022/3 Strategy and Business Plan outlines over the next three years, the FCA will focus on:

FCA’s 2022/3 Strategy and Business Plan - 3 core pillars

Across their work, the FCA are focusing more on the outcomes people get from financial services, and they want firms to do the same. That means giving firms more flexibility to deliver good outcomes, with the responsibility to test what their products and decisions mean for customers.  

Where firms that can’t meet the required standards are kept out of the market and customers can get the right outcomes, that should mean more trust in financial services and ultimately lower costs for firms who get it right. 

Click here to read the FCA’s Strategy

Click here to read the FCA’s Business Plan 2022/23

Author: Alex Hackett, Senior Analyst

Alex is a member of the investment funds team. She is involved in the portfolio construction process and assists with regulatory reporting, trade surveillance and monitoring.

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FCA Strategy and Business Plan pillars