Regulation

'Alarming lack of consultation'

FCA cites lack of integrity

FCA and CMA face changes

Will consider if more PE due diligence needs to be done

Many firms had taken positive action but ‘areas for improvement remain’

Beauchamp served as interim CEO from October 2023

Regulator finds 10% of sampled firms may not have adequate cover in place

Regulator recognises the sector has been ‘growing at pace’

FCA urged to adopt a 'more principled and realistic approach'

‘We’re not deleting evidence or hiding information’