FSA outlines strategy for new conduct authority
The new Financial Conduct Authority (FCA) will be tougher and bolder in the enforcement of regulation than its predecessor, the Financial Services Authority (FSA), the FSA said in an approach document published on Monday.
The 52-page document, released for comment to the public, outlines the strategy for the FCA when it assumes responsibility for protecting consumers and markets' regulation from the end of 2012.
The FSA said the conduct authority would be more "outward looking" and "engaged"
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