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Financial Services Plan

The OFT is reviewing its work in the financial services sector

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Introduction

This financial services plan was published in July 2009 and set out the OFT's approach to the financial services sector in the short and medium term.

View the Financial Services Consultation Paper
Download Financial services plan (pdf 5.08 mb)

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OFT and FSA joint working

The OFT and the Financial Services Authority (FSA) have different, but complementary, powers and statutory objectives. Given our overlapping interests and jointly regulated businesses, it is important we work well together in order to maximise our effectiveness in dealing with consumers and businesses.

This MoU establishes a framework for co-operation between the OFT and the FSA in respect of financial services. The MoU draws together the whole range of our mutual understanding and co-operation, annexing Concordats on Unfair Terms and Consumer Protection as well as the new Competition Concordat. It is both our statement of intent and a working document of practical ways to achieve maximum effectiveness of regulation.

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Further information

Contact John Leaning (john.leaning@oft.gsi.gov.uk, 020 7211 8533).




Back to: Financial and Professional Services

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