Critical issues in financial services
On 26th April the FCA published a wide-ranging speech given by its CEO Nikhil Rathi during City Week 2022, in which he highlighted the...
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KIDs are finally changing
The long-awaited update to the Packaged Retail and Insurance-based Investment Product (“PRIIPs) rules has arrived. Earlier this month the...
Tackling harm in the consumer investment market
The FCA has taken decisive action to prevent harm in the consumer investment market and earlier this month revealed in its Consumer...
FCA publishes guidance to firms seeking to limit their liabilities
The FCA has warned firms using company or insolvency law to manage their liabilities that they could face regulatory action if their...
Four "Buy-Now-Pay-Later" firms agree to change ‘potentially unfair terms’ for customers
Four major "Buy-Now-Pay-Later" firms have agreed change ‘potentially unfair and unclear terms and conditions’ after an intervention from...
Guidance provided by FCA appointing heads of compliance and MLROs
The FCA has recently issued guidance for authorised and registered firms regarding the roles of heads of compliance and money laundering...
FCA plans for a new Consumer Duty
On 7 December 2021, the FCA published its second Consultation Paper (CP21/36) on introducing a new Consumer Duty. This follows its...
FCA introduces new authorisation application fees structure
Earlier this month the Financial Conduct Authority (FCA) announced in its Policy Statement 22/1 the simplification of its current...
Investment firm fined by the FCA for conflicts of interest failings
On 22nd December 2021 the FCA announced it will fine hedge fund BlueCrest Capital Management (UK) LLP for conflict of interest failings....
Is a tougher Appointed Representative Regime on its way?
Earlier this month the FCA published its Consultation Paper (CP21/34) on improving the Appointed Representative (AR) regime....
Scrutiny of the Appointed Representative Regime increases
This month the Appointed Representative regime is under scrutiny with both the FCA and HMT exploring what changes might be needed. The...
FCA publishes an ESG discussion paper to help investors with their decision making
To coincide with COP26 Finance Day the FCA recently published a Discussion Paper on Sustainability Disclosure Requirements and Investment...
Joint Discussion Paper on diversity and inclusion published
In July the FCA and PRA (Prudential Regulation Authority) published a joint Discussion Paper (DP) aimed at further increasing rapid and...
FCA sets out plan to tackle consumer investment harm
The FCA has recently published a new consumer investment strategy aimed at giving consumers more confidence to invest, whilst supported...
FCA to move faster to remove unused financial services firm permissions
This January the FCA reminded financial services firms of their obligation to review regulatory permissions and ensure they are up to...
FCA reminds firms of potential financial crime risks linked to Afghanistan
With increasing volatility in Afghanistan as UK and US troops withdraw, the FCA have issued a statement reminding firms that they should...
Google makes verification changes to tackle online financial scams
Financial services marketers and advertisers in the UK now need to be verified by Google in order to advertise online. The Google Ads...
IFPR: The Final Consultation Paper CP21/26
The FCA released the 3rd and final IFPR Consultation Paper CP21/26 on Friday.
FCA publish Decision Notice against Markou for lack of oversight
On 28 July 2021, the FCA published their Decision Notice against Markos Markou, the director and Chief Executive of morgage broker firm...
Unauthorised financial adviser sentenced to 4 years in prison for fraudulent trading
Ian James Hudson, an unauthorised financial adviser, was this week found guilty of fraudulent trading by Judge Tomlinson at Southwark...