Greater transparency during enforcement investigations is the subject of a new consultation by the Financial Conduct Authority (FCA).
Under the plans, the FCA will publish updates on investigations as appropriate and be open about when cases have been closed with no enforcement outcome.
The moves are a step change from the current process, where investigations are only announced in very limited circumstances.
Members should consider the proposed changes and provide any feedback on the consultation either to the BVRLA or the FCA directly.
See the FCA news release: FCA to improve pace and transparency around enforcement cases | FCA
Consultation on the FCA website: CP24/2: Our Enforcement Guide and publicising enforcement investigations - a new approach | FCA
