FCA mulls removing decision-making powers from senior committee
Selections relating to companies failing to satisfy FCA requirements could be taken by FCA employees as a substitute
The UK’s Monetary Conduct Authority is consulting on whether or not to shift sure decision-making duties away from considered one of its senior committees.
Presently, the regulatory selections committee (RDC) takes a number of selections on behalf of the FCA. However the regulator now needs these selections to be taken by its authorisations, supervision and enforcement divisions.
“The proposed modifications will permit us to be extra environment friendly by making greatest use of the breadth of experience throughout the FCA and by
Copyright Infopro Digital Restricted. All rights reserved.
Chances are you’ll share this content material utilizing our article instruments. As outlined in our phrases and circumstances, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised Consumer could solely make one copy of the supplies for their very own private use. You have to additionally adjust to the restrictions in clause 2.5.
If you want to buy further rights please electronic mail info@centralbanking.com
Most learn articles loading…
Again to Prime
You must sign up to make use of this function. If you happen to don’t have a Central Banking account, please register for a trial.
You’re presently on company entry.
To make use of this function you have to a person account. If in case you have one already please sign up.
Alternatively you’ll be able to request an individual account
.
