For firms who do not meet expectations
Need to apply by March next year
Firms trying to expand into new business areas are having to wait 85% longer for Financial Conduct Authority (FCA) authorisation than two years ago.
The number of advisory businesses entering the industry this year outnumbered those leaving by almost 40%, according to new research.
The Financial Conduct Authority (FCA) is considering changing the way it charges firms, including financial advisers, that want regulatory authorisation.