Page 44 - 期货和衍生品行业监管动态(2024年8月刊)
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期货和衍生品行业监管动态




                   and clearer standards of consumer protection and requiring firms to put their

                   customers’ needs first.


                        ‘We now want to seize the opportunity of the Duty and the move to a clear

                   outcomes-based approach to streamline our rulebook, lowering costs for businesses

                   and supporting the competitiveness and growth of the economy.’


                        Alongside the broad rule review announced today, the FCA is considering

                   simplifying rules in the commercial insurance sector, a market worth over ?15.5

                   billion in the UK.


                        The FCA is inviting views on whether changing how customers are categorised

                   could significantly reduce the time needed to take on new customers, or renew their

                   contracts, and allow products to be custom made. This would reduce regulatory costs

                   and may increase the competitiveness of the commercial insurance market.


                        The launch of both reviews comes on the day the regulator publishes its first

                   report dedicated to how it has taken forward its secondary objective to support UK

                   competitiveness and economic growth over the medium to long-term.


                        Recognising the vital role that the regulator plays in enabling new financial


                   services firms to get off the ground, the FCA has improved its authorisation process
                   with 98% of cases now assessed within statutory deadlines, up from 78.9% in Q1 of


                   2022/23.


                        Overseas wholesale financial firms wishing to operate in the UK can benefit

                   from pre-application support from the FCA. The regulator has also completed the

                   biggest reform to the listing rules in a generation.


                        The FCA continues to support innovation in financial markets, including the

                   creation of a permanent Digital Sandbox, a testing environment that supports firms at

                   the early stage of product development.


                        Today, the FCA has also confirmed that from 1 August, it will consult a new


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