The Financial Conduct Authority has widened its Scale-up Unit, which helps firms looking to expand deal with regulatory processes, to include solo-regulated operations.
The regulator explained that the unit gives tailored support to firms which are looking to expand. It helps them "navigate regulation so they can scale sustainably", it said. The unit, which provides a dedicated point of contact and practical support to business owners, is now open to solo-regulated firms. FCA chief data, information and intelligence officer Jessica Rusu said: "We want firms to be able to grow with confidence. "This initiative will help them navigate regulation, scale sustainably and contribute to making the UK the best place to start and grow a financial services...
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