Launched in October 2016, the new mission for the regulator aims to improve how it monitors markets now and in the future with firms invited to submit their own views.
Greater clarity, clearer definitions of consumers, better engagement with businesses and the balance of rules against principles are the four key themes to have arisen in the comments.
The FCA says the input from commenters will directly contribute to the development of the future mission.
The regulator said: “Respondents are keen on a clearer rationale for our decisions, what we choose to do and not to do.”
And added: “Respondents largely agree with affording more protection to vulnerable consumers but have different views on who a vulnerable consumer is and emphasise the need for clear definitions.”
Some of those responding also requested a clear set of principles for business rather than prescriptive rules, but others simply wanted to be clearer on existing “vague” rules.
More “tailored” communications with some 56,000 firms and actively sharing good practice was also high on the list of people’s priorities.
