Regulatory AlertsFS13/1: Transparency - Feedback on DP13/1
The Financial Conduct Authority issued this feedback statement to address responses regarding its March 2013 Transparency Discussion Paper. The document summarizes stakeholder feedback, outlines new ideas proposed by respondents, and details the regulator's approach to enhancing transparency for both the FCA and financial services firms. It further establishes a timetable for implementing these transparency initiatives to generate better outcomes for consumers and the market.
We are continuing our debate into how the FCA and the financial services industry can be more transparent. This document provides feedback on the responses we have received and how we will proceed with the ideas.
Why are we issuing this Feedback Statement (FS)?
In March 2013, we published our Transparency Discussion Paper, DP13/01 . It set out our approach to transparency and proposed ideas on how we could be more transparent about our organisation and our regulatory activities, and about how firms could be more transparent about their products and their performance or behaviour.
This feedback statement:
summarises the feedback we received to the ideas in our Discussion Paper on transparency and sets out our response to that feedback
summarises new ideas proposed by respondents
sets out our timescales for carrying out more work/implementing the ideas
FS13/1: Transparency Feedback on DP13/1 [PDF]
FCA Transparency framework [PDF]
Who is this FS aimed at?
This document is for individuals and organisations who are interested in how transparency of the FCA – and transparency by financial services providers – can generate good outcomes for consumers, firms and the market. These include consumers, firms and trade associations.
What are the next steps?
Appendix 3 in the document sets out our timetable of further work including, where known, the timescale for implementing ideas.
Want to find out more?
For more information:
Read the Transparency Discussion Paper DP13/01
Was this page useful?
Yes
No
What can we do to improve pages like this?
What did you find helpful?
Leave this field blank