The FCA is looking at quitting its Canary Wharf offices and moving to the Olympic Park site in Stratford.
The regulator is reportedly considering moving its offices to The International Quarter, a new development between Stratford station and the Olympic stadium.
This is Money cites a report from Estates Gazette which says the FCA’s current lease ends in 2018 and that the regulator has begun looking for an alternative.
It is thought to be considering both the Stratford site and an alternative Canary Wharf office block.
In the FCA’s business plan for 2013/14, published in March 2013, it listed accommodation and office services costs at £32.9m for the year. This accounted for 7 per cent of its budget.
The costs relate to the FCA’s offices in Canary Wharf and Edinburgh.
The budget said: “A large proportion of these costs are fixed to current contracts, so remain largely inflexible in the short term.
“In 2013/14 we will commence work on our longer-term property strategy in anticipation of our Canary Wharf lease expiring in 2018.”
A spokesman for the FCA says: “Our lease is up in four years time and we are considering all the options to make sure we get the best value for money.”