Financial Conduct Authorities will update approximately 11,000 requirements, instructions or restrictions to more than 9,000 companies over the coming months.
After reviewing the records, the city's watchdog stated that “some of the data must have been out of date (or new content) replaced or minor errors must be fixed.” 
Requirements and instructions explained “It is an obligation to place on businesses to take certain actions or to halt certain activities.”
For example, regulators say, “We may prevent them from assuming new customers or place requirements on businesses that require consumers to retain assets so that they can meet future liabilities.”
That limitation Applies to corporate permits and usually limits the scope of activities a company can do.
Most companies that have permission to carry out the regulated activities of debt counseling explain that they have a “no debt management” limit.
Watchdog says that if small modifications need to be made, these will not change what a company can or cannot do.
However, if you need to make “substantial changes,” we will contact the company, although it may involve removing the requirements, directions, or restrictions.
“The changes will be made over the next few months. Businesses don't need to take any action unless they contact us.”
