FSA warned not to stifle innovation

fsa-building-canary-wharf

According to the firm's research on data released under a Freedom of Information Act request, the average number of days it takes for the FSA to approve a regulated firm's expansion plans - called a "variation of permission" - is up 130% to 81.5 days in the 12 months to September 30, from 35.5 days during the comparable period last year.

RPC said it believed the delays were caused by a combination of the FSA's recent more intrusive approach and increased staff turnover at the FSA.

Jonathan

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: