Comments from ACCA on consultation paper CP18/32 Published by the Financial Conduct Authority (FCA).
ACCA welcomes the opportunity to respond to this consultation. The focus of the consultation is the proposed variable fee rate. However, we do not consider that the responses to the previous consultation have been appropriately considered. In addition, we are concerned by the incorrect assumptions and facts within the consultation paper, and we consider that the overall consultation process has lacked the level of transparency necessary to support good regulation.