Compliance Monitor
Firms to lose permissions within 28 days of a warning for lack of activity
By Neasa MacErlean
Firms that show signs of not using theirregulatory status stand to lose their permissions to carry on regulatedactivities
within 28 days of receiving a warning from the FCA. The FinancialConduct Authority will take these steps under a
new power granted to it through the Financial Services Act2021.