FCA to proceed with Kalifa review’s FinTech 'Scalebox’ recommendation
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FCA to proceed with Kalifa review’s FinTech 'Scalebox’ recommendation

Anna Sagar
20 April 2021
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The Financial Conduct Authority (FCA) will launch a “regulatory nursery” later this year to provide additional support to newly authorised firms, according to FCA chief executive Nikhil Rathi.

Rathi said at UK FinTech Week that the new entity would allow a period of “enhanced oversight” over newly authorised companies, provide additional support to said firms and enable the regulator to intervene earlier in the company cycle.

The

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