Andrew Bailey reveals planned updates for FS register

Letter to Nicky Morgan

Hannah Godfrey
clock • 1 min read

A letter from Financial Conduct Authority chief executive Andrew Bailey has revealed some of the plans the regulator has in store to improve the Financial Services (FS) register.

The letter, which was sent to Treasury Committee Nicky Morgan on 23 October, revealed the watchdog is working on several proposals to improve the quality and reliability of key pieces of information consumers rely upon the register for. Bailey (pictured) wrote: "We are exploring the viability of making the register, in some way, publicly indicate [sic] when a firm's information has not been updated within required timeframes. Some of the proposals we are considering would require us to consult and upgrade the systems. "We have also taken steps to put new processes in place to ensure i...

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