Smarter Consumer Communications: Responding to the FCA's questions
There is clear recognition by Government of the need to ensure that technology based innovation can thrive and yet in a soundly regulated way.
In July, HM Treasury issued its paper entitled "Fixing the Foundations: Creating a More Prosperous Nation". One section indicates that the Government will champion the development of new and innovative technologies and ideas, and will set the FCA an objective of having regard to encouraging business and in particular new business models to develop. Digitalisation is clearly an area of interest to the FCA. Their June 2015 call for input on regulatory barriers to innovation and digital and mobile communications requests comments by 7th September 2015. This briefing paper sets out key issues raised in the FCA's call for input.