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FCA to remove 140 pages from its handbook
The Financial Conduct Authority (FCA) has announced plans to cut approximately 140 pages from its handbook to make it easier to navigate.
Senior Journalist, covering the Credit Strategy and Turnaround, Restructuring & Insolvency News brands.
Thomas ParkerSenior Journalist, covering the Credit Strategy and Turnaround, Restructuring & Insolvency News brands.
This forms part of a broader initiative to simplify regulation for businesses. The changes will also eliminate the requirement for businesses to provide data related to three different reports and notifications.
Additionally, the regulator will tidy up reporting guidance, removing content about data collections that are no longer in use.
The FCA is requesting feedback on these proposals, with the consultation period closing on 14 May 2025.
Jessica Rusu, the FCA’s chief data, intelligence and information officer, said: "In our strategy, we committed to being a smarter regulator and supporting growth. So while we need data to do our job, we should challenge ourselves on whether what we’re asking for is needed.
"We’re getting rid of these data requests, saving time and money for thousands of firms, and we will review more in the future."
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