FCA Jumpstarts 3-Year Plan to Improve Customer Market Experiences

FCA Jumpstarts 3-Year Plan to Improve Customer Market Experiences

The UK financial regulator recently announced a major project aiming to improve overall trader experiences in the UK by amplifying its efforts, coming up with new strategies, and hiring more personnel. The three-year plan faces the challenges of supporting the market integrity, as well as keeping with consumer demands while always promoting healthy trading completion and practices.

Furthermore, significant efforts and resources will be placed into preventing harmful activities, and as the FCA itself stated, the organization will be responsible for  ‘published outcomes and performance metrics’. In other words, the watchdog tightens its grip around malicious market practices.

A crucial aspect of the strategy is the FCA willingness to shut down every company that does not abide by its frameworks and guidelines. In order to reduce illegal and damaging activities, the FCA will be increasing its team by an additional 80 individuals who will be in charge of detecting scams.

One of the FCA comments revealed explained that through the implementation of the strategy the agency will be able to respond more quickly to the shifting trends in the financial sectors.

Special attention will be directed at crypto firms, and more specifically to those that conduct their services and products in unlawful and shady ways that have the potential to harm consumers and market players alike.

The FCA will continue to improve and add to the strategy; two major upgrades are expected to hit its surveillance systems in the next two years. The agency has not disclosed yet what these upgrades will be.

Moreover, a planned FCA Consumer Duty plan is rumored to launch. This will mandate firms to foresee harmful events and promote healthy financial practices.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

1 Comment

  1. I want to know if there is a Booker named LYNXFUNDUK. And if a Booker generates credits to his investors?
    ——————
    Quiero saber si hay un Booker de nombre LYNXFUNDUK. Y si un Booker genera créditos a sus inversores?

Leave a Reply

Your email address will not be published. Required fields are marked *