Principles-based regulation: FSA’s dominant theme for 2007/2008

Joanna Gray, University of Newcastle

FSA business plan for the forthcoming financial year

The FSA has published its business plan for the financial year beginning in April 2007. This document sets out its strategic priorities, programme of work and budget for the forthcoming financial year. The continued drive towards greater principles-based regulation forms the main theme for the coming year, along with the practical changes to FSA’s organisation and regulatory architecture (such as restructuring the Handbook) which will be needed to bring about that shift.