FCA To Launch Oversight Support For New Firms After Pilot

By Ronan Barnard (April 26, 2022, 7:14 PM BST) -- The U.K.'s financial watchdog announced on Tuesday that it is expanding its program for recently authorized finance companies to ensure they comply with regulations and to shutter "problem firms."

The Financial Conduct Authority said its Early and High Growth Oversight program will expand to 300 newly authorized finance businesses by the end of 2023. The 300 companies will be selected by the FCA and will be contacted by the end of the year.

The scheme will also give the FCA an opportunity to closely supervise these new companies and identify misconduct at an early stage, protecting the market from "problem firms"...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!