# The parliamentary bill that could speed up the FCA

- URL: https://talkfuse.com/story/the-parliamentary-bill-that-could-speed-up-the-fca/
- Published: 2026-11-04T11:44:52+00:00
- Updated: 2026-11-04T17:37:00+00:00
- Original publisher: City AM (publisher lean: Right)
- Original article: https://www.cityam.com/the-parliamentary-bill-that-could-speed-up-the-fca/
- Topics: Business, Markets

## Key points

- The bill would cut the authorisation limit from 12 months to 10.
- The authors say this does too little to address delays.
- They propose clearer deadlines, tracking and parliamentary reporting.

## Summary

The authors argue that the Financial Services and Markets Bill could help the Financial Conduct Authority (FCA) process applications faster, but its proposed changes are too limited. They say lengthy, uncertain waits for licences and approvals can deter firms from launching or investing in the UK, making efficiency a growth issue as well as a regulatory one.

The bill would reduce the maximum time for an authorisation decision from 12 months to 10, while retaining rules that allow the decision period to start only once an application is deemed complete. The authors propose a six-month limit, clearer criteria for completeness, deadlines covering mergers and acquisitions, and better tracking of applications. They also suggest requiring regulators to report to Parliament on efficiency improvements, including the use of technology.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.