FCA authorisation performance dips in Q2 2023
The Financial Conduct Authority has seen its authorisations performance in four out of five categories affecting brokers slip backwards in Q2 2023.
This contrasts with the first three months of the year, where the regulator saw improvements in four out of the five categories.
In the three months from the start of April to the end of June, the FCA processed 97.2% of applications on time for ‘approved person’ status submitted by an authorised firm under the Senior Manager and Certification Regime.
This was an improvement from 94.5% in Q1.
The watchdog has a statutory target of 100% being assessed within three months.
Though below the
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