The purpose of a business

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How a firm articulates and communicates its purpose is increasingly a focus for the FCA as it carries out its supervisory activity. It will look at the purpose of a firm to understand what the firm is trying to achieve in practice rather than simply reading what it written down in the mission statement, and, it will test if staff understand the what the written down purpose of the firm is. In a recent update to a paper on culture and governance published on its website, the FCA states: “We define culture as the habitual behaviours and mindsets that characterise…

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Ian Ashleigh

I am a diploma qualified, professional, well communicated person, with excellent financial services knowledge. I have a wealth of experience and understanding of financial institutions, the regulation surrounding protection, pensions, investment and mortgage advice and administration procedures. I have a depth of knowledge of the Training and Competence requirements and their application.

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