The UK Financial Conduct Authority (FCA) says it
now rejects—at first attempt—one in five firms that apply for
authorization in contrast to 1 in 14 last year.
Nikhil Rathi, the Chief Executive Officer of the
financial markets regulator, stated this on Thursday in https://www.fca.org.uk/news/speeches/role-fca-changing-regulatory-landscape”>a draft of the
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