News & Events

FCA strengthens consumer protection by speeding up removal of firms that do not use their regulatory permission

 

  • Businesses required to prove they are carrying out the regulated activities they are permitted to or face losing this permission
  • Failure to take action following two warnings will lead to cancellation of regulatory permission 28 days after the first warning
  • New powers support FCA’s ‘use it or lose it’ initiative

 

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FCA issue their Thematic Review TR24/2: Product Oversight and Governance – General Insurance and Pure protection

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