UK: Financial Conduct Authority publishes its 2014/15 business plan

The Financial Conduct Authority has published its business plan for 2014/15: see here (pdf). Amongst the key activities highlighted, the FCA states that it will "continue to enhance the effectiveness of the listing regime, including ensuring that there is appropriate protection for minority shareholders to be able to exercise their rights" (p. 7). The FCA also states, in referring to the new Senior Managers and Certified Persons regimes, that the "... accountability of individuals in positions of responsibility needs to be improved and overall standards of governance raised" (p. 7). The framework for these new regimes is set out in Part 4 of the Financial Services (Banking Reform) Act 2013.