The FSA has published its Annual Report for the year 2005/06.
In his introductory statement, the FSA chairman, Callum McCarthy, said: "The past year has been one of continuity for the FSA.
"This project exemplifies our overall approach to our programme of better regulation, including our determination to withdraw from regulation which we judge no longer to be justified, and to shift the balance of the regulatory regime from specific and detailed rules towards general principles.
"The review of the FSA's enforcement procedures we completed last year shows that when we recognise failures in our processes we will seek to remedy them. I regret that it took so long for us to recognise the legitimacy of concerns expressed to us that these processes were not fair to those subject to them. I am glad that the changes made by the FSA Board have been widely accepted as dealing with the previous problems.
"We have put in place systems designed to make it easier for those affected by our decisions, whether supervisory or enforcement, to comment on how those decisions have been made and implemented. I hope that those we regulate will not be inhibited from making intelligent and constructively critical use of these systems."
The report was published today on the FSA website. Among some of the statistics it includes, are:
