FCA highlights of 2021
Published: Jan 4, 2022
On the last day of 2021, the regulator published a review and summary of its approach and activities during the year: https://www.fca.org.uk/news/press-releases/highlights-fca-new-approach-2021.
Among the statisitcs quoted:
- 176 firms had their approval to undertake financial services removed
- A total of £568 million was handed out in fines
- In the year to 2 December 2021, 1 in 5 firms which applied for authorisation were refused, rejected or withdrew their application
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