FCA reminds TPR firms to meet its standards or face action

FCA has updated its website to remind firms under the TPR that they must comply with relevant rules, or else they may be asked to stop undertaking new business and have their permissions removed.  Similarly, firms who miss their landing slots for authorisation applications risk losing their temporary permissions.  It has also warned firms who apply for authorisation that it will refuse their applications if they have not complied with its rules during the TPR period. FCA has already cancelled the permissions of 4 firms that have failed to respond to information requests.