We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Bailey Promises Upgrade For FCA Financial Services Register

Law360, London (November 16, 2018, 1:04 PM GMT) -- The boss of the Financial Conduct Authority has promised that it will carry out improvements to a crucial industry register amid concerns over the quantity of incorrect information being provided to consumers, correspondence released Friday reveals.

Andrew Bailey admitted in a letter to Nicky Morgan, chairwoman of the Treasury Committee, that there have been “issues in data quality” and some lax record-keeping on the FCA’s financial services register, which contains details of approximately 750,000 registered firms and individuals.

“There have been instances when information displayed on the register has been out of date," the head of the regulator wrote. “One of...
Try Law360 FREE for seven days, take a free trial now.
map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Government Agencies