FCA mulls removing decision-making powers from senior committee
Decisions regarding firms failing to meet FCA standards would be taken by FCA staff instead
The UK’s Financial Conduct Authority is consulting on whether to shift certain decision-making responsibilities away from one of its senior committees.
Currently, the regulatory decisions committee (RDC) takes several decisions on behalf of the FCA. But the regulator now wants these decisions to be taken by its authorisations, supervision and enforcement divisions.
“The proposed changes will allow us to be more efficient by making best use of the breadth of expertise across the FCA and by
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