By Charlie Conchie The Financial Conduct Authority (FCA) more than doubled the amount of firms it stripped of regulatory approval last year as it looks to beef up its enforcement action and clampdown on companies flouting its rules. In its annual report today, the regulator said it ‘cancelled’ the authorisation of 1,261 firms in the 12 months to the end of March, more than double that of the same period the previous year. A total of 21 individuals were also charged with financial crime offences in that time, marking the highest number brought by the watchdog in a single year. The figures under…