Source · Select Committees · Financial Services Regulation Committee
Recommendation 89
89
The efficiency with which the FCA and PRA process authorisations is an important element in...
Conclusion
The efficiency with which the FCA and PRA process authorisations is an important element in the continued growth of the UK financial services sector. Efficient authorisations allow domestic firms to launch new products quickly and international firms to easily locate capital and talent in the UK. Therefore, it is worrying that firms continue to raise concerns about authorisation timescales.
Government Response
A response document is linked to this report, dated 3 September 2025. Response attribution to this conclusion has not been verified. Read the response document ↗