The Monetary Conduct Authority (FCA) has invited suggestions from regulated corporations on how successfully it’s performing its position.

The FCA and practitioner panel 2022/23 survey might be despatched to a pattern of 13,000 regulated corporations. The FCA will then use the responses to raised perceive the problems affecting corporations, and to evaluate whether or not any adjustments must be made to the regulator’s strategy.

“The survey is one among a number of sources of suggestions used to guage our efficiency in opposition to key areas of our three-year technique,” an FCA spokesperson stated.

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“The outcomes are introduced to the practitioner panel and our board and might be printed in summer season 2023.”

Final yr’s survey led to numerous enhancements being made on the monetary companies regulator. These included taking steps to assist corporations higher perceive why the FCA collects particular sorts of knowledge from them. The regulator is now piloting an information visualisation initiative to point out corporations how this knowledge is used.

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Some smaller corporations informed the FCA final yr that they don’t interact with the regulator’s session processes due to the time required to reply to all questions.

In consequence, the FCA is introducing a brand new, less complicated strategy to offering suggestions on its proposals, which can enable corporations to submit their responses on-line and to solely reply to particular questions which might be related to them.

The 2023 survey might be carried out by Kantar Analysis.

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