The Financial Conduct Authority (FCA) has dismissed criticisms of its approach to market studies after firms and trade bodies complained they take too long to complete and are too burdensome on businesses.
In response to its Approach to Competition consultation paper, published last December, the regulator said a number of firms and trade organisations had complained its market study process was "too long" and required too much resource from companies within the studies' scopes. Respondents to the watchdog's paper suggested it should take less time to carry out market studies because markets can change and evolve quickly. The regulator argued that, when carrying out market studies, it considers market dynamics and the fact markets are constantly evolving and conditions may change. The F...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
