On 11 July 2014, the FCA published a call for input into a new initiative, called Project Innovate, which the regulator is proposing. The FCA is proposing to establish an Incubator Hub and an Innovation Hub. The Incubator Hub will assist innovative financial businesses through the UK regulatory authorization process and the Innovation Hub will be a dedicated contact service for firms authorized using the Incubator Hub. Responses to the FCA are due by 5 September 2014.
The call for input is available at: http://www.fca.org.uk/static/documents/projectinnovate-call-for-input.pdf.