The survey, carried out by independent social research firm Kantar Public, is sent annually to a sample of the firms regulated by the FCA.

It gives firms the opportunity to provide feedback to the FCA on how it regulates the industry. 

Kantar sends the survey to a random sample of 12,000 firms.

An FCA spokesman said: “We will use the results of the survey to better understand the issues affecting all firms and help us adjust our approach and become a better regulator.

“The results are presented to the Practitioner Panel and our Board and will be published in the third quarter of 2019.”

The results from last year’s survey showed that both the industry’s satisfaction with its relationship with the FCA and the industry’s rating of the FCA’s effectiveness had increased.

Last year’s survey also highlighted key areas for improvement on transparency, innovation and forward-looking regulation.

The spokesman added: “We are committed to addressing all these areas and further details can be found in our Mission and Business Plan.

“We will use the findings of this year’s survey to inform our future work.”