Update: FCA launches asset management start-up hub

Aims to encourage competition in industry

The Financial Conduct Authority (FCA) has launched an asset management authorisation hub, which seeks to encourage competition in the industry by offering better support and guidance on regulation to new entrants into the market.

The launch is the first phase of the hub, which offers guidance to  new market enterants via access to pre-application meetings, dedicated case officers and the new website portal, which can be accessed by clicking here. FCA chair Griffith-Jones to step down in March 2018 Its aims are to aid firms' understanding of how the FCA works, improve the ease of making a complete submission, and transition from an authorisation to a supervision regime.  The hub will also look to clarify regulatory expectations, and foster better engagement between the FCA and the firms it regulates. Futu...