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FCA cuts legal text on capital rules by 70% to reduce regulatory burden

Montage of the FCA logo
GRIP Montage: FCA

Announcement the latest in a series of measures by the FCA aimed at aligningment with the government’s pro-growth agenda.

Investment firms in the UK can now worry less about regulatory compliance and focus more on growth, says the country’s top financial regulator after it removed a huge chunk of what it identified as outdated banking provisions from its rulebook.

The FCA announced on Wednesday it will be cutting the