The FCA is concerned firms are using the permissions regime to “add credibility to their unregulated activities”. Ben Blackett-Ord has some thoughts
“Use it or lose it” is the FCA’s mantra around regulatory permissions. A Freedom of Information request from Financial News reveals that the FCA has written to 762 firms suspected of not carrying on regulated activities, that is to say not carrying on the activities for which “permissions” have
The
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