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UK financial regulator's scope a ‘finely balanced' judgment for government

( February 25, 2021, 13:18 GMT | Official Statement) -- MLex Summary: The UK Financial Conduct Authority's regulatory perimeter, or what financial services activities it should regulate, is a “finely balanced" judgment for the government, junior economy minister John Glen told FCA Chief Executive Nikhil Rathi, according to a record of a January meeting. The perimeter's extent is a controversial topic over regulated businesses undertaking unauthorized activities leading to consumer harm. The FCA is pushing for fraud and financial promotions to be included in the UK’s online harms legislation.The record is attached....

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