The UK's Financial Conduct Authority (FCA) has announced plans to streamline its regulatory framework by removing outdated and duplicated rules related to insurance policies sold to large companies. This initiative aims to reduce compliance costs for companies and support economic growth in the UK. In addition to insurance, the FCA is consulting on simplifying mortgage lending rules to increase flexibility for lenders and borrowers. The regulator has also issued a discussion paper on the regulation of cryptoasset activities, indicating a broader review of financial regulations across multiple sectors.
FCA consultation on simplifying mortgage lending rules https://t.co/BJ2pTdooKy
The Financial Conduct Authority proposed Wednesday to remove unnecessary requirements from its insurance rule book to reduce company costs and fuel U.K. growth. https://t.co/Id6z8ktJAP https://t.co/EZVSw8xQgV
FCA discussion paper on regulating cryptoasset activities https://t.co/Kueug3qBw2