FCA backs call for more regulatory powers after govt rejection

Industry News | 18/10/19

The FCA has agreed with the Treasury Committee’s calls for it to be granted more powers to amend its regulatory scope.
The Treasury Committee published a report on the FCA’s regulatory remit in August in which it suggested the government should introduce new formal powers for the FCA to request changes to the perimeter. This, it said, would allow the FCA to extend its remit to include parts of the market which are currently unregulated.

Source: Financial Reporter