FCA Business Plan a "significant change of tone"

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Industry experts say firms need to focus on fair value after the regulator reveals plans to be tough and forward-looking.

Experts have called on firms to take action to stop and prevent misconduct that leads to harm, in response to the publication of the Financial Conduct Authority’s (FCA) Business Plan for 2021/22 yesterday (15 July).

As previously reported, the FCA outlined a commitment to be a tough, assertive, agile and forward-looking regulator, while also emphasising its focus on fair value for consumers.

Michael Sicsic, managing director of Sicsic Advisory, noted that the document shows the FCA “in

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