Addressing the harm from 'high risk investments'
DP21/1 sets out proposals that seek to make it harder for retail investors to invest in 'high risk investments'.
RESOURCES
Events, opinions and information
Search
Have you submitted your Directory Persons?
The FCA has released a statement to highlight that 2,800 failed to submit Directory Persons' information by the deadline of 31 March and tha
Support for LCF bondholders to be extended beyond FSCS
The Government is setting up a support scheme that will compensate up to 80% of each LCF bondholder's investment
The FCA wants “purposeful” AML systems and controls
In a recent speech at the AML & ABC Forum 2021 Mark Steward (the FCA’s Executive Director of Enforcement and Market Oversight) spoke to...
Could your Wind Down Plan trigger a liquidity requirement?
The FCA issued ‘Finalised Guidance 20/1 - Our framework: Assessing Adequate Financial Resources’ in June 2020 in a bid to ensure that...
Fair Treatment of Vulnerable Customers: Finalised Guidance Released
The Guidance is designed to drive change within firms and help them understand how to achieve the goal of treating vulnerable customers in t
SFDR compliance for UK managers
UK-based managers of funds and portfolio services may need to include ESG disclosures in their product literature from 10 March 2021 if...
'Use it or lose it': the permissions review
n January this year the FCA warned firms of their “use it or lose it” policy. This reminded firms that the FCA could cancel the...
Consultation Paper: New Prudential Regime for Investment Firms
The much-awaited consultation paper on the new UK Investment Firm Prudential Regime (IFPR), was released in December. Full details can be fo
Confirmation of the ban on the marketing of speculative illiquid securities
It will be no great surprise that the FCA has confirmed that the existing temporary ban on speculative illiquid securities will be made...
Prudential regime change delayed
Investment firms will be delighted to hear that the timeframe for the prudential rule change has been delayed with HM Treasury now...
Forbearance in the face of a pandemic
The FCA continues to focus on the consumer credit market in light of the ongoing pandemic and the effect it is having on retail borrowers....
Consumer Investments Market: a round table
Tuesday 9 November @ 10am Via Zoom Register here: https://us02web.zoom.us/meeting/register/tZ0oc-6urz0vEtcUb4OgFAyngItbgRQFzDFl If retail...
Covid-19 Impact Survey
In June and August 2020, the FCA surveyed 22,500 firms in the first phase of it's Covid-19 Impact Survey. Those firms have been or will...
Post-Brexit clarity is one step closer
With the transition period coming to a close and no certainty of any form of agreement, both the FCA and firms have had their work cut...
FCA launches the RegData platform
The transition of firms from Gabriel to RegData begins in October 2020. Firms will be moved in tranches to the new regulatory reporting syst
The future of retail investing: views welcomed
If retail investors are important to your business model you may want to answer the FCA’s Call For Input on the Consumer Investments
Identifying which customers are "vulnerable"?
The FCA's view on which customers could be vulnerble may come as a surprise to firms. Here are the 4 Vulnerability Factors to consider
The KIDS (still) aren’t alright
Key Information Documents, KIDs, have been the source of much controversy. Now for the UK it seems that the tide is turning.
Grace period for complaints handling ends
The FCA considers firms have had sufficient time to overcome the practical challenges to responding to consumer complaints.