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Trade bodies call for Chancellor to stop FCA 'name and shame' policy
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Some of the other trade bodies include UK Finance, TheCityUK, and the Association of British Insurers. At present, the regulator only publicises enforcement action if a financial services firm is found guilty of misconduct or if it has breached the FCA's regulations. FCA issues almost 600 alerts in initial months of tighter financial advert rules In February, the FCA initiated a consultation process regarding plans to enhance public visibility into enforcement investigations. Proposed measures included publishing regular updates on ongoing investigations and openly disclosing cases...
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