Search Results for: UK Financial Conduct Authorit
FCA publishes Insurance Distribution Directive consultation
March 7th, 2017
The Financial Conduct Authority (FCA) has published the first of its two consultation papers on the implementation of the Insurance Distribution Directive (IDD). The Insurance Mediation Directive (IMD) was introduced in early 2005 and was designed to encourage competition ...
P2P lending platform granted full authorisation from the FCA
March 2nd, 2017
Proplend has issued an announcement to inform that it has been granted full authorisation from the Financial Conduct Authority (FCA) for peer to peer lending, paving the way for the launch of its Innovative Finance ISA. The P2P lending platform connects investors ...
FCA finalise plans to place a deadline on PPI complaints
March 2nd, 2017
The Financial Conduct Authority (FCA) has today confirmed that it will introduce a deadline for making new payment protection insurance (PPI) complaints. The final deadline for making a new PPI complaint will be 29 August 2019. To encourage consumers to ...
Libor trader sues FCA over lifetime ban
February 23rd, 2017
Former UBS trader Tom Hayes is to sue the Financial Conduct Authority over the lifetime ban it placed on him after he was jailed for 11 years over his role in the Libor-rigging scandal. Hayes was the first to ...
FCA and OSC sign Co-operation Agreement to support FinTech business
February 23rd, 2017
Under a new Co-operation Agreement (Agreement), innovative FinTech businesses in Ontario and the United Kingdom will be able to seek support from their financial regulators as they seek to operate in the other’s market. Signed this week, the Agreement ...
International Compliance Association expands into US
February 15th, 2017
The International Compliance Association announced its expansion into the US, with its primary training partner, International Compliance Training (ICT). The US team, based in New York, offers programs covering Anti-Money Laundering (AML), Anti-Bribery & Corruption, Know Your Customer (KYC), ...
FCA opens discussion on regulatory approach to open-ended funds investing in illiquid assets
February 8th, 2017
The Financial Conduct Authority (FCA) has today published a Discussion Paper (‘Paper’), which seeks stakeholder views on the practice of investing in illiquid assets through open-ended funds and the challenges that can pose to managers and investors. Illiquid assets ...
ECommPay wins Payment Solutions Provider Company of the Year at International Gaming Awards 2017
February 8th, 2017
A carefully selected panel of experts assessed ECommPay’s contributions to the online gaming sector, as well as to the payments industry more generally, to name the company Payment Solutions Provider of the Year at the International Gaming Awards 2017. ...
FCA and PRA publish final changes to enhance enforcement decision-making processes
February 1st, 2017
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have today published final changes in a Policy Statement (PS) aimed at strengthening the transparency and effectiveness of their enforcement decision-making processes. The consultation and policy recommendations covered ...
FCA fines Deutsche Bank £163 million for serious anti-money laundering controls failings
January 31st, 2017
Soon after the New York’s Department of Financial Services fined Deutsche Bank $425 million for Russian Mirror-Trading scheme, the U.K. regulators FCA announced a fined of £163,076,224 to Deutsche Bank AG for failing to maintain an adequate anti-money laundering ...
