Under proposed reforms, the current UK financial services regulator, the Financial Services Authority (FSA), will be replaced with a new "twin-peaks" system of financial services regulation, planned for the end of 2012. This article outlines the current proposals relating to enforcement under the new regime.
Enforcement under the Current Proposals
The Consultation Process
The FCA's Approach to Enforcement
The PRA's Approach to Enforcement
Co-operation Between the FCA & the PRA
The Investment Management Association also stated that
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