The FCA's pressure on smaller brokers

red-tape-regulation

The Financial Conduct Authority (FCA) has lately come under criticism for the heavy burden it places on smaller brokers when it comes to regulation.

In a recent debate in Parliament, Craig Tracey, Conservative MP for North Warwickshire, said that smaller brokers were being pushed out of the market because they did not have enough time and resources to spend on regulation.

In addition, an Early Day Motion backed by eleven MPs strongly criticised the FCA, Financial Ombudsman Service and Financial

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