FCA seeks members for Innovation Advisory Group
The Financial Conduct Authority (FCA) has called for expressions of interest from stakeholders who wish to join its Innovation Advisory Group on a rotating basis for an initial one-year period.
In July 2022, the City regulator’s innovation department announced it was setting up a new advisory group to deepen engagement with the industry and inform the FCA’s work programme.
The role of the Innovation Advisory Group is to share the fintech and regtech sectors’ views on issues and opportunities for innovation in financial services and inform the FCA’s approach.
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The group is also hoped to act a critical friend to the innovation department and suggest topical matters to be explored through its initiatives, such as TechSprints and Spotlights.
It is also intended to pass on important public messages from the FCA to members and networks, such as regulatory publications.
The advisory group will meet for the first time in January 2023.
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It has already invited several key stakeholders to take part but has opened the invitation up to senior leaders from stakeholder groups such as consultancies, legal professionals, accelerators and academia.
The FCA is not inviting firms who require authorisation to conduct their activities to participate in the advisory group at this time, though it may occasionally invite such firms to take part in sub-groups.
To express an interest, stakeholders are invited to email a CV and brief cover letter to the Innovation Advisory Group mailbox no later than 1 December 2022.
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