The Financial Services Practitioner Panel (FSPP) is about to launch the first stage of its 2006 survey of regulated firms.
The aim of the survey is to obtain an authoritative industry assessment of the performance of the FSA.
The FSPP said that while the intention is to include M&GI firms in the study, this will be done in such a way as to reflect their "newness" to FSA regulation and to facilitate like-for-like tracking and analysis of the pre-existing population.
The Panel plans to publish the final report findings later in 2006. It will then use the information to inform subsequent discussions with the FSA.
Roy Leighton, chairman of the Panel, said: "The period since the last survey in 2004 has been challenging for the industry and also one of transition.
"This survey will be something of an acid test, and will give the regulated community a timely and valuable opportunity to say whether the shape and nature of FSA regulation is – or is not - moving in the right direction.
"n particular, it will measure the success of the FSA's major restructuring exercise, and establish whether the regulator is now seen as a more efficient and effective organisation.
"he FSA is publicly committed to Better Regulation and to making itself 'easier to do business with' - this research will invite practitioners to say whether these commitments to change are indeed being delivered.
"I would strongly urge firms to take part in this important piece of work."
