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UK financial firms' authorization, criminal proceeding decisions to be streamlined

( July 29, 2021, 13:34 GMT | Official Statement) -- MLex Summary: UK financial companies will see faster and more effective decision-making by its regulator, the Financial Conduct Authority, under proposals made today. Under the plans, a suite of decisions on authorizing a company, cancelling permissions, and starting civil or criminal proceedings would be taken by FCA staff rather than the Regulatory Decisions Committee, which is part of the regulator's board.Statement follows. Document attached....

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