The FCA's new strategic approach: challenging times | Practical Law
From the establishment of the Financial Conduct Authority in April 2013 to the end of 2014, the number of firms regulated by the FCA trebled, most notably due to a widening of the FCA’s remit. The FCA has admitted that this has put its supervisory model for small firms under strain and that, at times, it has found it difficult to understand the relative importance of the competing demands on its time.