FCA's First Annual Perimeter Report – have you crossed the line?

Posted on June 21, 2019
Archive : June 2019
Category : Herbert Smith Freehills

FCA's First Annual Perimeter Report – have you crossed the line?

21 June 2019

The FCA has published its first annual perimeter report, reflecting on perimeter issues. The perimeter is basically the legal boundary determining what the FCA regulates (and therefore also what it does not regulate). Andrew Bailey, CEO of the FCA commented that the perimeter “is tested by the actions of particular firms and how those actions can harm consumers, for instance by firms innovating and creating new product offerings and services and by firms deliberately trying to avoid our perimeter.” The Report provides a useful insight into the FCA’s view on a number of perimeter issues most likely to cause harm…

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