May 24, 20231 min readDirectors convicted in Collateral fraud caseFollowing a 5 week trial the two founders (Peter and Andrew Currie) of Collateral UK have been convicted of both fraud and money...
May 5, 20231 min readSteps to improve whistleblower confidence announced by the FCAThis week the FCA set out the actions it will take in order to improve the confidence of whistleblowers. This follows a qualitative...
Apr 21, 20232 min readInnovation, artificial intelligence and the future of financial regulationLast week the FCA published the speech by Jessica Rusu, their Chief Data, Information and Intelligence Officer, delivered to delegates...
Mar 24, 20231 min readFCA issues metrics update for authorisation timescalesOn 21 March 2023 the FCA published an update on its operating service metrics for dealing with various applications, including...
Mar 17, 20231 min readFCA to collect Treasury’s economic crime levy (Anti-Money Laundering) from JulyThe Government has introduced an economic crime levy (ECL) to fund its fight against the rise in economic crime and money laundering. The...
Mar 12, 20232 min readFast-growing firms review published by FCA Earlier this month the FCA published a review of its findings and expectations of FCA solo-regulated fast-growing firms. The review was...
Feb 1, 20232 min readFCA highlights areas of focus for firms implementing the Consumer DutyFollowing on from the new Consumer Duty rules and guidance published by the FCA in July 2022 there is now less than six months to go...
Jan 31, 20231 min readFCA consultation on Section 21 Gateway ends 7th February 2023.On 6th December 2022 the FCA published consultation (CP22/27) in which it set out its proposal to operate a new gateway for firms who...
Jan 27, 20231 min readNew Financial Resilience Survey for FCA solo-regulated firms.In October 2022 the FCA published a consultation paper (CP22/19) with proposals to replace the FCA Financial Resilience Survey with a new...
Jan 13, 20231 min readFCA publishes further discussion paper for the UK PRIIP regimeIn response to the growing trend towards online investments and the digital distribution of disclosure the FCA recently published a...
Dec 16, 20221 min readChanges to FCA Appointed Representative Regime take effectThe FCA recently consulted on changes to protect consumers and address harms across all the sectors where principals and ARs operate....
Nov 18, 20222 min readSustainable Disclosure Requirements: the FCA aims to provide greater clarity to tackle greenwashingLast month the FCA published its consultation (CP22/20) on the Sustainability Disclosure Requirements and investment labels for the UK...
Oct 6, 20221 min readNew financial resilience return on the horizonIn early October the FCA announced a consultation paper (CP22/19) to replace the current Financial Resilience Survey (formerly “Covid-19...
Sep 26, 20221 min readBroadening access to the Long Term Asset Fund (LTAF), Last month the Financial Conduct Authority (FCA) launched a consultation paper (CP22/14) on broadening access to the Long Term Asset Fund...
Aug 19, 20221 min readStrengthening the oversight of critical third parties On 21 July 2022 the Bank of England (BOE), Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA) published a...
Aug 17, 20221 min readFCA welcomes Secondary Capital Raising ReviewOn 19 July 2022 the Secondary Capital Raising Review (Review) was published, setting out a series of recommendations to the Government,...
Aug 16, 20221 min readNew FCA rules to improve the Appointed Representatives regimeEarlier this month the FCA published Policy Statement PS22/11 setting out new rules aimed at improving the Appointed Representatives (AR)...
Aug 9, 20222 min readDear CEO Letter: Alternatives Supervision StrategyThe FCA have issued a Dear CEO letter to firms in the alternative investment sector outlining their view of the main risks of harm that...
Aug 2, 20221 min readConsumer Duty: broadening the scope of care for retail customersThe FCA issued the final rules on the new Consumer Duty on 27 July 2022 in PS22/9: A New Consumer Duty. In a press release issued by the...
Jun 30, 20222 min readLenders asked to support consumers during cost of living crisisEarlier this month the Financial Conduct Authority (FCA) recently published a Dear CEO letter encouraging lenders to support their...
