Search Results for: UK FCA
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 ...
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 ...
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 ...
FCA warns pension scheme operators are at risk from smarter scams
January 24th, 2017
The Financial Conduct authority (FCA), the financial regulator of UK, has issued a warning to alert authorised firms for the risks arising from failing to carry out appropriate due diligence on investment offerings. While aimed primarily at pension scheme ...
FxPro shelves its IPO as FCA crackdown looms
January 5th, 2017
Currency trading firm FxPro shelves float as FCA crackdown looms The online trading platform has shelved its IPO indefinitely amid FCA plans to curb spread-betting risks, Sky News learns. One of the biggest privately owned currency trading brokers operating ...
FCA launches market study on competition in the mortgage sector
December 12th, 2016
The Financial Conduct Authority (FCA) has today launched a market study to consider whether competition in the mortgage sector can be improved to benefit consumers. The FCA wants to understand whether consumers are empowered to choose on an informed ...
FCA proposed new rules on loan-based and investment-based crowdfunding
December 10th, 2016
Based on a review of the feedback received, issues seen during the supervision of crowdfunding platforms currently trading and consideration of applications from firms seeking full authorisation, the FCA believes it is appropriate to modify a number of rules ...
IG Group published a Response to FCA Consultation Paper
December 6th, 2016
Following the FCA’s Consultation Paper on CFD products, IG Group has issued the below announcement: IG Group (“IG”, “the Company”), a global leader in online trading, notes today’s Consultation Paper issued by the FCA (CP 16/40 – Enhancing conduct of ...
