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FCA backlogs branded ‘unacceptable’ as calls grow for urgent action on authorisations

Regulatory experts are calling for an immediate meeting with FCA executives to tackle backlogs

By Justin Cash
The watchdog's vetting process is causing frustration across the City
The watchdog's vetting process is causing frustration across the City Photo: Alamy

The compliance community has had enough of delays to getting firms authorised with the Financial Conduct Authority.

A note sent to members of the Association of Professional Compliance Consultants on 24 November and seen by Financial News brands the current hold up at the regulator’s doors “unacceptable”.

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