FCA to study impact of regulation on small firms

The survey, which will 'ensure FCA cost benefit analyses and judgements of proportionality take account of smaller firms’ circumstances', will be undertaken by an independent consultancy, Kantar Public.

The regulator say it would 'greatly appreciate' firms' participation in the study, which will initially consist of in-depth interviews with a representative sample group, before being rolled out to a larger set of firms in April and May.

It also noted that it would be inviting 12,000 firms to take part in its 2019 FCA and Practitioner Panel Survey, adding:

"The FCA and Practitioner Panel Survey provides an opportunity for regulated firms to speak directly to the FCA and share their views and concerns. It provides the FCA Board and Executive with important feedback about the FCA’s performance and enables the FCA to adjust their approach to become a better regulator."