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ARTICLE · 26 APRIL 2022

FCA Releases Three-Year Strategy And Business Plan

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On 7 April 2022 the Financial Conduct Authority (FCA) released a three-year strategy for 2022-20251(the "Strategy"), setting out how the FCA aims to improve outcomes for UK consumers and...

United KingdomFinance and Banking
Helen Marshall
Helen Marshall
Ezra Zahabi
Ezra Zahabi
Joe Hewton
Joe Hewton
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On 7 April 2022 the Financial Conduct Authority (FCA) released a three-year strategy for 2022-20251(the "Strategy"), setting out how the FCA aims to improve outcomes for UK consumers and markets. This was released alongside the FCA's 2022/2023 Business Plan2 (the "Business Plan"), which sets out the work the FCA will undertake over the next 12 months in support of its Strategy.

The Business Plan and Strategy reflect a shift from sector based planning by the FCA; with the regulator instead opting for a more flexible, cross-sector and outcomes based approach (with its "topline outcomes" being "fair value," "suitability and treatment," "confidence" and "access"). Therefore, rather than looking at specific sectors, the Business Plan identifies three broad areas it will focus on in order to develop these outcomes. These areas are:

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