FCA updates approach to authorisation
Feedback statement follows on from consultation that closed in March.
The Financial Conduct Authority (FCA) now regulates more than 58,000 firms, according to its latest authorisation document.
The total includes 1,500 businesses such as insurers and banks that are dual-regulated with the Prudential Regulation Authority (PRA).
And the latest document revealed that in 2017/18 the watchdog judged more than 4,400 authorisation applications from firms.
In total only 11 were refused (see graph below).
Opinions
Between December 2017 and March 2018 the regulator
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