FCA Outlines Plans to Boost Economic Growth in Letter to UK Leaders

The FCA published its letter in response to a letter in December from the Chancellor calling for proportionate regulation to support the government’s growth mission.

Key steps outlined in the response include:

• Authorisation Support: Extending pre application support to all wholesale, payments, and crypto firms;
• Streamlined Regulation: Simplifying and streamlining rules in the FCA Rulebook following engagement with industry; and
• Promoting Digital Innovation: Progressing the digital securities sandbox and avoiding the implementation of further Artificial Intelligence (AI) regulation by relying on existing frameworks;

✅ FCA-regulated firms can review the FCA’s plan to support UK growth and align their strategic objectives to capitalise on the upcoming regulatory changes effectively.