The Financial Conduct Authority (FCA) has dismissed criticisms of its approach to market studies after firms and trade bodies complained they take too long to complete and are too burdensome on businesses.
In response to its Approach to Competition consultation paper, published last December, the regulator said a number of firms and trade organisations had complained its market study process was "too long" and required too much resource from companies within the studies' scopes. Respondents to the watchdog's paper suggested it should take less time to carry out market studies because markets can change and evolve quickly. The regulator argued that, when carrying out market studies, it considers market dynamics and the fact markets are constantly evolving and conditions may change. The F...
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