FCA release Consultation Paper CP22/19 with proposals to replace the FCA Financial Resilience Survey with a new regulatory return
Creation of a baseline financial resilience regulatory return
“We have published a Consultation Paper with proposals to replace the FCA Financial Resilience Survey with a new regulatory return during 2023. In doing so, we aim to:
- reduce the administrative and financial burden that an ad hoc survey places on firms
- increase the quality and consistency of financial resilience data received from our solo-regulated firms
We invite firms to respond to the questions in the Consultation Paper by Friday 2 December 2022.
We still require firms to complete the Financial Resilience Survey when requested to do so by us, until such a time that the new return comes into force.