On 27 February 2024, the Financial Conduct Authority (FCA) published a Consultation Paper (CP24/2) proposing, amongst other things, a new approach to publishing its enforcement investigations. Under the plans, the FCA proposes publishing an announcement that it has opened an enforcement investigation, including the identity of the firm which is subject to the investigation, if the FCA assesses that it is in the public interest to do, as well as updates on its investigations and announcing when it has closed cases without action. In our latest briefing note, we discuss the key takeaways, and our immediate thoughts, on this proposal from the Paper. The FCA is asking for feedback on its proposals by 30 April 2024.
