FSA takes too long over permissions, RPC lawyers warn
The length of time it takes the FSA to grant financial services firms permission to expand their businesses has increased by 10% in the last year, says City law firm Reynolds Porter Chamberlain.
The average number of days for the FSA to approve a regulated firm's expansion plans (called a "variation of permission") is up to 97 days this year (to June 30 2011), from 88 days during the same
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