May 2, 20221 min readCritical issues in financial servicesOn 26th April the FCA published a wide-ranging speech given by its CEO Nikhil Rathi during City Week 2022, in which he highlighted the...
Mar 15, 20221 min readTackling harm in the consumer investment marketThe FCA has taken decisive action to prevent harm in the consumer investment market and earlier this month revealed in its Consumer...
Mar 11, 20221 min readFCA publishes guidance to firms seeking to limit their liabilitiesThe FCA has warned firms using company or insolvency law to manage their liabilities that they could face regulatory action if their...
Jan 13, 20221 min readFCA 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...
Jan 12, 20221 min readFCA introduces new authorisation application fees structureA simpler structure for authorisation applications has been announced, along with an overall increase in the cost of submitting.
Dec 23, 20211 min readInvestment firm fined by the FCA for conflicts of interest failingsOn 22nd December 2021 the FCA announced it will fine hedge fund BlueCrest Capital Management (UK) LLP for conflict of interest failings....
Dec 10, 20212 min readIs 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....
Nov 16, 20212 min readScrutiny of the Appointed Representative Regime increasesThis month the Appointed Representative regime is under scrutiny with both the FCA and HMT exploring what changes might be needed. The...
Nov 2, 20211 min readLatest Regulatory Initiatives Grid published November 2021On November 1st the FCA set out its latest planned Regulatory Initiatives Grid for the next 24 month period, as set out by the Financial...
Aug 9, 20211 min readIFPR: The Final Consultation Paper CP21/26The FCA released the 3rd and final IFPR Consultation Paper CP21/26 on Friday.
Jul 27, 20211 min readPS21/9: Key feedback for implementation of the IFPRThe FCA has released the second Policy Statement PS21/9 on the implementation of the new IFPR regime.
Jun 30, 20211 min readImplementation of Investment Firms Prudential Regime Implementation of the IFPR: Policy Statement PS21/6
Jun 29, 20211 min readHost fund managers fall short of FCA expectationsThe FCA has released the outcome of its review of managers of authorised funds who delegate investment management to a third party.
Jun 8, 20211 min readEU 6th Money Laundering Directive comes into forceThe 6th Money Laundering Directive became law in EU states on 3rd June 2021. The UK decided not to implement the changes, as it believes...
Jun 2, 20212 min readNew 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.
Jun 1, 20211 min readThe rise in scams and the threat to a legitimate financial services industryIn May, Mr Steward (FCA Executive Director of Enforcement and Market Oversight) spoke at the City & Financial Global - FCA Investigations...
Apr 29, 20212 min readAddressing 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'.
Apr 20, 20211 min readHave 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
Apr 18, 20212 min readSupport for LCF bondholders to be extended beyond FSCSThe Government is setting up a support scheme that will compensate up to 80% of each LCF bondholder's investment
Mar 31, 20212 min readThe FCA wants “purposeful” AML systems and controlsIn a recent speech at the AML & ABC Forum 2021 Mark Steward (the FCA’s Executive Director of Enforcement and Market Oversight) spoke to...
