Regulatory AlertsPS21/16: Issuing statutory notices – a new approach to decision makers
The Financial Conduct Authority is transferring decision-making authority for certain statutory notices from the Regulatory Decisions Committee to the Executive to enable faster intervention against consumer harm. This policy finalizes changes to the Enforcement Guide and Decisions Procedure and Penalties Manual, moving categories such as authorizations, interventions, and straightforward cancellations to the Executive framework. The regulator maintains that these modifications streamline governance and improve efficiency while preserving procedural fairness and legal compliance.
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