From our position within the FSA, we will work to
ensure that the interests of smaller financial services firms
and their critical importance to a healthy, successful and vibrant
marketplace are properly reflected in the development and application
of FSA policy and operation
In particular,
we will monitor how FSA regulation is affecting smaller firms,
and challenge proposals that may have a disproportionate impact
on them. Wherever possible we will work together with the FSA
to eliminate provisions that would discourage enterprise, innovation
and competition in the small firms sector