UK regulator has never rejected a fund launch application since inception

Lauren Mason
clock • 1 min read

The Financial Conduct Authority (FCA) has never rejected an application to launch a fund, a freedom of information request from International Investment's sister title Investment Week shows. According to the regulatory body, which first came into force in April 2013, it has not "formally refused any new scheme authorisation applications" in any given year since inception. The FOI was filed following recent confirmation that the FCA had not rejected a fund application in the last five years, despite the fact its head of asset management supervision Nick Miller wrote an open letter in J...

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