PIMFA Response to FCA CP24/2: Our Enforcement Guide and publicising enforcement investigations – a new approach

PIMFA Consultation Response to FCA CP24/2: Our Enforcement Guide and publicising enforcement investigations – a new approach. Whilst we welcome this FCA acknowledgement that the existing enforcement process and time taken for cases to reach their conclusion needs to be reviewed, any proposed measures should not be to the detriment of firms under investigation, particularly at the point no fault or liability has been determined. We believe the priority should instead be on addressing the root causes and drivers of bad conduct and preventing it in the first place, investigating and uncovering misconduct more effectively within your overall objective of becoming a more data-led regulator