FSA authorisation time for new firms still on the up
The amount of time the Financial Services Authority takes to approve new firms has risen for a third consecutive quarter, according to data seen by City law firm Reynolds Porter Chamberlain.
The average time new companies must wait for authorisation now stands at 19.6 weeks, up 13.2% from 17.3 weeks in Q2 2011.
RPC said that the rise is particularly worrying because the FSA had started to
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