'Use it or lose it': FCA warns amid consumer investment harm clampdown
Firms fined more than £80m throughout 2019 and 2020
Fines totalling more than £80m were issued to regulated firms and individuals over the course of 2019 and 2020
The Financial Conduct Authority (FCA) has warned regulated firms to "use or lose" their regulatory permissions or risk having them revoked, amid a wider clampdown on potential consumer harm from the regulator.
Data published by the FCA today (18 January) reveals that during the first ten months of 2020 the regulator stopped applications for authorisation from 343 firm, roughly 10% of all applications for the...
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