Lords Committee publishes enforcement proposal views

The House of Lords Financial Services Regulation Committee, which took over from its predecessor in gathering evidence on the FCA’s controversial enforcement proposals has published several pieces of written evidence received, and has also confirmed it is to take oral evidence from Ashley Alder and Nikhil Rathi on 13 November.

Among the evidence lodged is a submission from the City of London Law Society Regulatory Law Committee which pulls no punches. It describes the policy as presented as ill-conceived, lacking justification and likely to risk undermining confidence in both regulated firms and the FCA as an institution.