There was a distinct whiff of change in the regulatory air this week with the FCA rapidly jettisoning plans which would have seen more rules and regulations added to its handbook.

The FCA is moving swiftly to cut red tape to support growth in financial services, FCA chief executive Nikhil Rathi told delegates at an event today.

The FCA has cancelled the part 4A regulatory permissions of Bromley-based firm HLU Ltd (FRN: 938123).

The Financial Conduct Authority’s review of ongoing advice data from 22 of the largest financial advice firms has found that suitability reviews were carried out in the vast majority of cases.

The FCA has defended its plans to delete emails after one year and denies it is trying to hide evidence and avoid scrutiny.

The House of Lords has called on the FCA to halt its plans to push forward with 'naming and shaming' firms facing investigations.

The FCA has fined investment provider Infinox Capital Limited £99,200 for failing to submit 46,053 transaction reports.

Chancellor Rachel Reeves has urged Britain’s regulators to “tear down” barriers to promote business growth.

Prime Minister Sir Keir Starmer has called on key regulators, including the FCA, to do all they can to push reforms for growth in their sectors.

The FCA has revoked the regulatory permissions of Lincolnshire financial adviser firm John Cotton (FRN: 136224) for non payment of fees.