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The FCA has not “formally refused any new scheme authorisation applications”
The Financial Conduct Authority (FCA) has never rejected an application to launch a fund, a freedom of information request from Professional Adviser's sister title Investment Week has found.
According to the regulatory body, which first came into force in April 2013, it has not "formally refused any new scheme authorisation applications" in any given year since inception. The FOI was filed...
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