Our Annual Report and Accounts 2022/23

Annual Report highlights

We outline our progress and key achievements in the first year of our strategy. This includes:

• A new Consumer Duty – designed to create an unambiguous focus on consumers so that firms put consumer needs and outcomes at the heart of all they do.
• Reducing and preventing financial crime – by strengthening the authorisation process, improving assessments of regulated firms, and deploying more staff to investigate and prosecute offenders, reducing the risk of fraud and scams by continuing to take down hundreds of scam websites.
• Supporting firms to launch innovative services – uniquely, we are now working with hundreds of newly authorised, high growth potential firms, to remediate problems early so they can grow safely.