FCA chief announces launch of fintech ‘nursery’

Nikhil Rathi
Nikhil Rathi
Photo: FCA

The chief executive of the UK’s Financial Conduct Authority says the regulator will set up a ‘regulatory nursery’ later this year to help new players enter the market.

In a speech today (April 20), Nikhil Rathi said new entrants currently “gain regulatory status and are treated in the same way” as firms with long track records.

By contrast, the new nursery is designed to allow firms to adapt more gradually to regulatory oversight. “The regulatory nursery will keep us in close contact with

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.