The UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission have signed a cooperation agreement to support innovative businesses. The regulators will refer to other innovative businesses seeking to enter the other’s markets. The regulators will provide support to innovative businesses before, during and after authorisation to help reduce regulatory uncertainty and time to market.
Both regulators have established innovation hubs that are intended to help businesses with innovative ideas to navigate financial regulation, support them through the authorisation process and engage with the regulator.
View British and Australian financial regulators sign agreement to support innovative businesses, 23 March 2016