---
title: FCA Outlines Plans to Boost Economic Growth in Letter to UK Leaders
description: The Financial Conduct Authority (FCA) published a letter to the Prime Minister, Chancellor, and Secretary of State outlining how the regulator will support economic growth.
---

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# [FCA Outlines Plans to Boost Economic Growth in Letter to UK Leaders](https://www.plenitudeconsulting.com/news-insights/fca-outlines-plans-to-boost-economic-growth-in-letter-to-uk-leaders)

 Written by [Insight & Partnership Team](https://www.plenitudeconsulting.com/news-insights/author/insight-partnership-team) | Jan 24, 2025 11:07:36 AM

 

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.

[View full post](https://www.plenitudeconsulting.com/news-insights/fca-outlines-plans-to-boost-economic-growth-in-letter-to-uk-leaders)

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