The Financial Conduct Authority (FCA) is seeking feedback on whether its competition powers and the 'threshold conditions' firms and individuals must meet for authorisation are clearly understood.
Today's 'approach' documents follow on from the regulator's Approach to Consumers paper, which was published in November. FCA chief executive Andrew Bailey said: "As part of our mission, we committed to being more open and transparent about how we regulate and how we make decisions. "Authorisation is the gateway for firms that want to operate in the financial services industry. We use it to prevent harm from occurring by ensuring that all firms meet our minimum standards before they are allowed to start doing business. It is vital that we get it right to keep out firms that are not up...
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