Search Results for: UK Financial Conduct Authorit
FCA statement on EU withdrawal following the March European Council
March 29th, 2018
The Financial Conduct Authority (FCA) welcomes the agreement reached on the terms of an implementation period that will apply following the UK’s withdrawal from the European Union. The implementation period is intended to operate from 29 March 2019 until ...
FCA statement on proposals to introduce a public register
February 27th, 2018
Later this year, the Financial Conduct Authority (FCA) will consult on proposals to make information available on a wider range of individuals at authorised firms. The FCA and Prudential Regulation Authority (PRA) currently maintain a public Financial Services Register, ...
FCA launches call for input on the use of technology to achieve smarter regulatory reporting
February 21st, 2018
The Financial Conduct Authority (FCA) announced that it is seeking views on how technology can make it easier for firms to meet their regulatory reporting requirements and improve the quality of the information they provide. The FCA regularly explores ...
FCA fines and bans former RBS trader
January 9th, 2018
The Financial Conduct Authority (FCA) has imposed a financial penalty of £250,000 on former Royal Bank of Scotland (RBS) interest rate derivatives trader, Neil Danziger, and prohibited him from performing any function in relation to any regulated financial activity. ...
FCA released a statement on transitional arrangements for trading venues under MiFIR Article 54(2)
January 4th, 2018
Under Article 54(2) of the Markets in Financial Instruments Regulation (“MiFIR”), an EU Central Counterparty (CCP) or trading venue may apply to its Competent Authority for a transitional arrangement in relation to exchange-traded derivatives, under which the open access ...
Four Guilty In Relation To £1.4 Million Investment Scheme
December 4th, 2017
In a criminal prosecution brought by the Financial Conduct Authority (FCA), Samrat Bhandari and Dr Muhammad Aleem Mirza have been found guilty for their roles in operating an investment scheme which led to more than 300 investors losing a ...
Bond Trader fined for market abuse
November 28th, 2017
The Financial Conduct Authority (FCA) has imposed on Paul Walter, a former Bank of America Merrill Lynch International Limited (BAML) bond trader, a financial penalty of £60,090 for engaging in market abuse. Following an investigation, the FCA found that ...
FCA urges public to report and speak out against fraudulent investment schemes
October 27th, 2017
The Financial Conduct Authority (FCA), the conduct and prudential regulator for financial services firms and financial markets in the UK, urges the public to get in touch if they have been contacted by a company offering what they think ...
Merrill Lynch fined £34.5 million for failures under EMIR
October 24th, 2017
Merrill Lynch International (MLI) has been fined £34,524,000 by the Financial Conduct Authority (FCA) for failing to report 68.5 million exchange traded derivative transactions between 12 February 2014 and 6 February 2016. This is the first enforcement action against ...
London police raided 20 offices as part of a crackdown on binary options fraud
October 20th, 2017
The City of London Police has issued a press release to inform that conducted a day of action and visited 20 offices to speak with businesses to help build an intelligence picture around Binary Options and other types of ...
