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Pending UK financial regulatory authorizations halved, senior official says

By Fiona Maxwell ( January 31, 2023, 16:38 GMT | Insight) -- Regulatory authorizations at the FCA reached a large backlog owing to a "double whammy" of additional companies under its oversight as well as a report recommending it toughens its approach, a senior regulator said today. Despite this, the number of applications in the queue has halved over the past two years, Emily Shepperd said.The number of UK financial authorization applications awaiting approval have halved, and a new automated approach will prevent a backlog, a senior official at the financial regulator said today....

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