The Financial Conduct Authority (FCA) has launched an initiative to review and amend around 11,000 requirements, directions, and limitations across more than 9,000 firms, in a move designed to improve the quality and relevance of data on the Financial Services Register.
The regulator said the updates follow a detailed internal review that found some of its data was outdated, inaccurate, or contained minor errors. These included legacy restrictions that no longer reflect firms' current permissions, business models, or regulatory obligations. "These changes are part of our commitment to being a smarter, more efficient regulator," the FCA stated. "By making sure the data we hold on firms is consistent, up to date and necessary, we can improve the service firms receive, ensure clearer information for consumers, and help supervisors work with the most accura...
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