LNB News 24/01/2025
Document Information
Issue Date: 24 January 2025
Published Date: 24 January 2025
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
The Financial Conduct Authority (FCA) has issued a portfolio letter to the chief executive of wholesale brokers, outlining the FCA's strategy for the next two years for supervising wholesale brokers. The letter sets out four strategic areas which will be the focus of the FCA’s  programme of proactive work: broker conduct, culture, business oversight and financial resilience. The FCA expects executives to discuss the contents of the letter with their boards and to have agreed actions and/or next steps by the end of March 2025.
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