Emma RadmoreThe FCA has published its operating metrics for October to December 2025, which is the first quarter for which it is reporting against its new targets, which it has decided to report against voluntarily before the reduced timings are reflected in statute.
7 metrics are green, 3 amber and 1 red (there would have been no red under the old targets). The FCA says the amber and red metrics relate to SMCR, new firm and API/EMI applications where it was deemed necessary to take more time to reach a decision.