FCA streamlines decision-making process

The new approach, which came into effect on 26 November, transfers some decision-making on statutory notices from the FCA's Regulatory Decisions Committee (RDC) to senior members of the body under the Executive Procedures, which the FCA said would free up the RDC to focus on contentious enforcement cases. This places a greater degree of responsibility and accountability with the senior FCA staff, rather than RDC, to decide on the following: a firm's authorisation or an individual's approval  action in straightforward cases to cancel a firm's permissions and that action is conteste...