Search Results for: UK FCA
UK financial regulator releases updated guidance on EU departure preparations
February 28th, 2019
The Financial Conduct Authority (FCA) has published updated information to help support regulated firms in finalising their preparations for as smooth a transition as possible when the UK leaves the EU. It is urging firms to ensure they are ...
FCA warns public of investment scams as over £197 million reported losses in 2018
February 7th, 2019
The Financial Conduct Authority (FCA) is warning investors to be vigilant to the threat posed by investment scammers, as data from Action Fraud reveals over £197 million1 of reported losses in 2018. Victims were scammed out of over £29,000 ...
UK Regulator consults on cryptoassets guidance
January 30th, 2019
The FCA, the conduct regulator for financial services firms and financial markets in the UK has issued an announcements to inform that is consulting on guidance, which, once finalised, will set out the cryptoasset activities it regulates. The guidance ...
Bitcoin could be overseen by UK’s financial regulator
December 21st, 2018
The UK government has said it stands ready to empower Britain’s financial regulator to oversee all cryptocurrency assets, after a warning from MPs that bitcoin and other cryptocurrencies were “wild west” assets that exposed consumers to a host of ...
FCA statement on selling high-risk speculative investments to retail clients
August 2nd, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued a statement on selling high-risk speculative investments to retail clients following ESMA’s action on CFD products. In accordance the ...
UK Watchdog proposes changes to rules for crowdfunding platforms
July 30th, 2018
Following a post-implementation review of its crowdfunding rules, the Financial Conduct Authority (FCA) is opening a consultation on new rules for loan-based crowdfunding platforms. The changes the FCA is proposing are designed to address the ways in which the ...
FCA banned four former directors of an online consumer credit broker
July 26th, 2018
The Financial Conduct Authority (FCA) has banned David James Carter Mullins, Edward John Booth, Christopher Paul Brotherton and Mark Robert Kennedy, the former directors and shareholders of Secure My Money Limited (now dissolved). The firm took fees of over ...
FCA proposes actions to improve competition in the investment platform market
July 18th, 2018
Competition is working well for most consumers using investment platforms, according to interim findings of the Financial Conduct Authority’s market study into investment platforms, published. However, the FCA’s interim findings reveal concerns about how platforms compete for particular groups ...
FCA reveals urban-rural differences in how consumers experience financial services
June 22nd, 2018
The Financial Conduct Authority (FCA) has published the latest analysis from its Financial Lives survey. Today’s report puts the spotlight on the financial situation of people across the UK and highlights where in the UK people may be more ...
UK regulator fined a Bank for anti-money laundering systems failings
June 7th, 2018
The UK regulator Financial Conduct Authority (FCA), has issued an announcement to inform that has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days. Financial services firms are ...
