The Financial Conduct Authority (FCA) has launched a service to help asset management businesses get authorised.
The hub, which is slated to launch next month, is intended to help new entrants to the market navigate the complicated web of regulation.
“We know some of those businesses find it difficult to navigate regulation,” said Megan Butler, executive director of supervision – investment, wholesale and specialist at the FCA.
“Our contact centre takes up to 1,200 pre- and post-application calls a month from investment managers seeking clarification on issues ranging from authorization to regulation and reporting.”
Last year the regulator approved the launch of 204 investment firms.
The hub will offer start-ups pre-application meetings and dedicated case officers, as well as a ‘user friendly’ web portal.
Full Content: Financial Times
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