FCA begins major clean-up of firm permissions

The regulator said the updates follow a detailed internal review that found some of its data was outdated, inaccurate, or contained minor errors.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...