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

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: