| Link(s): | FCA places restrictions on twice as many consumer investment firms this year | FCA Consumer Investments Strategy – 1 year update | FCA |
Context
The FCA has stopped 17 firms and 7 individuals from obtaining FCA authorisation in the investment market, where phoenixing or lifeboating was suspected.
Key points to note
Although this item relates to investment business, it demonstrates the increasing pro-activity of the FCA’s Authorisations team when it comes to identifying firms that are likely to cause customer harm.
Next actions
None – for information and awareness.