The UK Financial Conduct Authority (FCA) has confirmed further steps to simplify its supervisory communications, building on its April announcement and aligning with its Consumer Duty Requirements Review. The FCA confirms it will simplify multi-firm and thematic reviews, labelling those published before 2022 as "historical". While these documents will remain publicly accessible, going forward, the FCA will shift towards publishing concise market reports in place of traditional Dear CEO or portfolio letters. Firms have been advised to continue referring to current relevant supervisory communications until the new reports are released.
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