Search Results for: UK FCA
FCA bans two former spread betting firm employees for market abuse
April 10th, 2017
The Financial Conduct Authority (FCA) has banned and imposed financial penalties on two former Worldspreads Limited (WSL) employees. WSL, which operated a spread betting business, collapsed in March 2012. The FCA has fined WSL’s former Chief Financial Officer, ...
FCA publishes near final rules on MiFID II
April 3rd, 2017
FCA publishes near final rules on MiFID II and encourages firms to submit applications for MiFID II authorisation The Financial Conduct Authority (FCA) has today published near final rules on the implementation of the Markets in Financial Instruments Directive ...
FCA fines former investment banker for sharing confidential information over WhatsApp
March 30th, 2017
The Financial Conduct Authority (FCA) has today fined Christopher Niehaus, a former investment banker, £37,198 for sharing client confidential information over WhatsApp. The FCA found that Mr Niehaus failed to act with due skill, care and diligence. The FCA ...
Deutsche Bank and its UK subsidiary to pay $775 million penalty
March 29th, 2017
DB Group Services (UK) Limited (DBGS), a wholly owned subsidiary of Deutsche Bank AG (Deutsche Bank), was sentenced today for its role in manipulating London Interbank Offered Rates (LIBOR) for U.S. Dollar and several other currencies. LIBOR is a ...
The conduct regulator of UK warns about Prime FX
March 28th, 2017
The conduct regulator for financial services firms and financial markets in the UK, the Financial Conduct Authority (FCA), has issued a press release to inform that the below firm has been providing financial services or products in the UK ...
Culture in financial institutions: it’s everywhere and nowhere; FCA Chief Executive
March 16th, 2017
Highlights A firm’s culture emerges in large part from inputs that are its responsibility. It is for firms to ensure that their desired culture is consistent with appropriate conduct outcomes, to identify the drivers of behaviour within the firm ...
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 ...
Online Forex and CFD Broker Pepperstone suspends UK trading
February 28th, 2017
Pepperstone has sent an email to its UK clients to inform them that the company is temporarily suspending trading in the UK Pepperstone, an Australian online Forex and CFD retail Broker has informed its UK clients that has suspended ...
