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...
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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...
PS21/9: Key feedback for implementation of the IFPR
The FCA has released the second Policy Statement PS21/9 on the implementation of the new IFPR regime.
FCA proposes changes to the PRIIPs regulations post Brexit
The FCA has recently published proposals to change Packaged Retail and Insurance-based Investment Products (PRIIPs) regulations. These...
FCA publishes 2021/2022 Business Plan
The FCA has now published its latest Business Plan for 2021/2022, setting out the main objectives and priorities for the year ahead....
Diversity consultation from FCA and PRA
Much more needs to be done to create a truly diverse and inclusive financial services sector according to the UK regulators, FCA and PRA....
Implementation of Investment Firms Prudential Regime
Implementation of the IFPR: Policy Statement PS21/6
Host fund managers fall short of FCA expectations
The FCA has released the outcome of its review of managers of authorised funds who delegate investment management to a third party.
EU 6th Money Laundering Directive comes into force
The 6th Money Laundering Directive became law in EU states on 3rd June 2021. The UK decided not to implement the changes, as it believes...
New treatment for venture capital investments?
Venture capital investments may also be re-classified as speculative illiquid securities which would signal an end to retail investment.
The rise in scams and the threat to a legitimate financial services industry
In May, Mr Steward (FCA Executive Director of Enforcement and Market Oversight) spoke at the City & Financial Global - FCA Investigations...
Key changes arising from IFPR | webinar
In our webinar on 27 April 2021, Adempi will be exploring the key changes form the new Investment Firm Prudential Regime (IFPR), due to
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'.
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
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...
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...
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...
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