FCA has published a draft of its approach to enforcement and supervision. The documents follow its publication of its Mission, in which it committed to publishing a series of documents setting out how it carries out its main activities.
The approach to supervision explains FCA’s commitment to being forward-looking and pre-emptive, focusing on firms’ cultures and strategies as it believes these are at the root of all major failings.
The approach to enforcement explains how FCA conducts investigations and uses its powers and also shows how enforcement sets out to achieve fair and just outcomes, with an overall focus on substantive justice.
FCA welcomes comments on the documents by 21 June.