The Financial Conduct Authority (FCA) is pledging to make it easier for firms to apply for authorisation in order to reach its commitment to increasing competitiveness and growth in UK financial services.
The regulator has today (19 March) published its 2024/25 business plan, which highlights its focus on simplifying the authorisation process for firms and individuals, in a bid to reduce the administrative burdens on firms. This is part of the FCA's overarching plan to contribute to UK competitiveness and growth, which it said will "improve wholesale markets" and "support firms to invest and innovate". "We want to improve the attractiveness and global reach of UK wholesale markets. We will provide opportunities for financial services companies to invest, innovate and expand in the UK ...
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