Search Results for: FCA
PRA and FCA statement on compliance with the EBA guidelines on Sound Remuneration Policies
March 1st, 2016
The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have notified the European Banking Authority (EBA) that the regulators will comply with all aspects of the EBA Guidelines on Sound Remuneration Policies, except for the provision that the ...
FCA fines and restricts W H Ireland Limited for market abuse risks
February 25th, 2016
The Financial Conduct Authority (FCA) has fined W H Ireland Limited (WHI) £1.2million. The firm is also restricted for a period of 72 days from taking on new clients in its corporate broking division. The FCA found that between ...
FCA UK warns for a clone of Capital Markets
February 17th, 2016
FCA informs that fraudsters are using the details of firms authorised by the Authority to try to convince people that they work for a genuine, authorised firm. This is what FCA call a ‘clone firm’; and fraudsters usually use ...
FCA fines former Head of JP Morgan’s CIO International £792,900 for failing to be open and co-operative
February 9th, 2016
The Financial Conduct Authority (FCA) has today fined Achilles Macris £792,900 for failing to be open and co-operative with the Authority. Mr Macris was Head of CIO International for JPMorgan Chase Bank, N.A. in London. In the role he ...
FCA warns about six unauthorised financial services firms
February 8th, 2016
FCA has issued warnings to inform investors and public regarding firms that FCA believes that have been providing financial services or products in the UK without the FCA’s authorisation. FCA reports the below unauthorised by the Authority firms: 1) ...
FCA confirms accountability rules for wholesale traders and interim rules on regulatory references
February 5th, 2016
The Financial Conduct Authority (FCA) has published the final rules confirming their approach to improving individual accountability for those carrying out wholesale activities, such as algorithmic and high-frequency trading, in banks, building societies, and Prudential Regulation Authority (PRA) designated ...
FCA fires warning shot at spread betting firms
February 3rd, 2016
Britain’s financial regulator warned spread betting firms on Tuesday to comply with its rules after a survey found poor practices that risk leaving customers unfairly treated. The Financial Conduct Authority published on Tuesday a “Dear CEO” letter sent to ...
FCA and PRA announced that will start investigations into HBOS senior managers
January 29th, 2016
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have decided to start investigations into certain former HBOS senior managers. These investigations will determine whether or not any prohibition proceedings should be commenced against them. The FCA ...
Andrew Bailey appointed as new Chief Executive of the FCA
January 26th, 2016
HM Treasury have today announced the appointment of Andrew Bailey as the new permanent Chief Executive of the Financial Conduct Authority (FCA). Andrew is currently the Deputy Governor for Prudential Regulation at the Bank of England and Chief Executive ...
FCA:Unauthorised Forex (FX) trading and brokerage firms
January 8th, 2016
FCA UK has issued an announcement to inform public and investors in relation to unauthorised Forex trading and brokerage firms. FCA points out that all firms offering their investment and trading services in UK must be authorised by the ...
