( December 5, 2025, 09:30 GMT | Official Statement) — MLex Summary: The UK mutuals sector will be reviewed to ensure regulation is proportionate, the Financial Conduct Authority and Prudential Regulation Authority have said. The two regulators issued a report on the sector on Friday, in which they also committed to creating a new FCA unit to help mutuals navigate policy changes, offering free pre-application support and cutting application times for new societies. Financial services minister Lucy Rigby said: “We have committed to double the size of the mutuals sector, and are pleased the regulators are taking concrete steps to support the sector’s growth so it can deliver better value for members and communities.”Statement follows….
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