Compliance and Enforcement Monthly Newsletter June 2024
Compliance and Enforcement Monthly Newsletter 2024
Compliance and Enforcement Monthly Newsletter May 2024
Compliance and Enforcement Monthly Newsletter 2024
Compliance and Enforcement Monthly Newsletter April 2024
Compliance and Enforcement Monthly Newsletter 2024
FCA finalised guidance on social media promotions
In March 2024, the FCA set out in its Finalised Guidance FG 24/1 how financial promotions made on...
Navigating the UK Cryptoasset Landscape: Key Regulatory Updates for Firms
The world of cryptoassets is rapidly evolving, and regulatory frameworks are adapting to keep pace.
Compliance and Enforcement Monthly Newsletter March 2024
Compliance and Enforcement Monthly Newsletter 2024
CP24/4: Further consultation on the regulatory framework for pensions dashboard service firms
In March 2024, the FCA publicised that operating a pensions dashboard service is a new regulated...
FCA asks Financial Advisers to review their processes in retirement income support
In March 2024, the FCA wrote to the Chief Executives of financial advice firms asking them to...
FCA business plan for 2024/25
In March 2024, the FCA issued its Business Plan for 2024/25, which it describes as “an ambitious...
FCA joins other regulators to warn firms on debt collection
In March 2024, the FCA, together with fellow members of the UK Regulators’ Network (UKRN) Ofgem,...
Review of firms' treatment of customers in vulnerable circumstances
In March 2024, the FCA announced that it would conduct a review into how firms are acting to...
Motor finance probe accelerates as FCA chief warns it’s ‘improbable we’ll find nothing’
In March 2024, the FCA’s chief executive, Nikhil Rathi, provided, in a speech entitled “Investing...
Compliance and Enforcement Monthly Newsletter 2024
Compliance and Enforcement Monthly Newsletter 2024
Compliance and Enforcement Newsletter - January 2024
Compliance and Enforcement Newsletter - January 2024
Compliance and Enforcement Newsletter - December 2023
Compliance and Enforcement Newsletter - December 2023
Compliance and Enforcement Newsletter - November 2023
Compliance and Enforcement Newsletter - November 2023
Compliance and Enforcement Newsletter - October 2023
Compliance and Enforcement Newsletter - October 2023
Compliance and Enforcement Newsletter - September 2023
Compliance and Enforcement Newsletter - September 2023
Compliance and Enforcement Newsletter - August 2023
Compliance and Enforcement Newsletter - August 2023
Compliance and Enforcement Newsletter - July 2023
Compliance and Enforcement Newsletter - July 2023
FCA issues findings from Consumer Duty survey
In June 2023, the FCA commissioned an anonymous survey of 1,230 firms in some of the sectors in...
Compliance and Enforcement Newsletter - June 2023
Compliance and Enforcement Newsletter - June 2023
Compliance and Enforcement Newsletter - May 2023
Compliance and Enforcement Newsletter - May 2023
The FCA To Introduce A New Principle & Code Of Conduct Rule
On 31st July 2023, the FCA will implement the Consumer Duty, which is intended to fundamentally...
FCA Will Conduct Firm Evaluations With Little To No Warning
The FCA has stated that it will conduct assessments on firms with little or no notice when it has...
Building Financial Armor: What You Need To Know About FIN073
The FCA will be replacing the Financial Resilience Survey with a new Financial Resilience...
General Data and Protection Regulation
The UK Parliament is currently reviewing a new Data Protection and Digital Information Bill with...
FCA Explains Its Consumer Duty Requirements And Key Points
With fewer than ninety days to go until the start of the Consumer Duty, the FCA has urged firms to...
Compliance and Enforcement Newsletter - April 2023
Compliance and Enforcement Newsletter - April 2023
Compliance and Enforcement Newsletter - March 2023
Compliance and Enforcement Newsletter - March 2023
Does Your Firm Need Help With Its Client Assets Arrangements?
The FCA’s client money and custody assets rules, known as CASS, have been a particular focus for...
The FCA's Asset Management Supervision Strategy – Dear CEO letter
In March 2023, the FCA issued its first Dear CEO letter to asset management firms since it launched...
Compliance and Enforcement Newsletter
Compliance and Enforcement Newsletter
FCA Observes On How Firms Are Implementing ICARA Requirements
The FCA has published its initial observations on how firms are implementing its requirements for...
FCA Issues Letter To Debt Advice & Other Debt Services Firms
In February 2023, the FCA issued two Dear CEO letters to debt advice firms and firms in debt...
FCA Censures Amigo For Failing To Conduct Affordability Checks
In February 2023, the FCA publicly censured Amigo Loans Ltd, via a Final Notice, for failing to...
Buy Now Pay Later (BNPL) Consultation
In February 2023, HM Treasury launched its long-anticipated consultation on the future regulation...
Consumer Duty Events For Retail Investment & Mortgage Firms
As firms continue to prepare for the implementation of the Consumer Duty regulation in July 2023,...
FCA Requirements Of Firms To Change Or Discontinue Promotions
In February 2023, the FCA announced in its data analysis of 2022 financial promotions, that it had...
FCA Dear CEO Letters For Firms To Prepare For The Consumer Duty
In February 2023, as firms prepare for the implementation of the Consumer Duty in July 2023, the...
FCA Plans To Make Financial Advice More Accessible - Update
In November 2022, the FCA, as part of its consumer investment strategy, set out in its Consultation...
Compliance and Enforcement Newsletter January 2023
Enforcement monthly newsletter January 2023
FCA Highlights Focus Areas For Firms Implementing Consumer Duty
With six months to go before the Consumer Duty regulation comes in, the FCA has published a...
FCA tells firms to change behaviour ahead of the Consumer Duty
It has been reported the FCA has begun telling firms to change their behaviour ahead of the...
Compliance and Enforcement Newsletter December 2022
Enforcement monthly newsletter December 2022
8th December 2022 Deadline - Stronger FCA Oversight Of ARs
In December 2021, the FCA issued a consultation paper, CP 21/34 on improving the appointed...
FCA review of stock trading app operators
The FCA has warned stock trading app operators to review design features in their apps, including...
Compliance and Enforcement Newsletter November 2022
Enforcement monthly newsletter November 2022
‘Biggest cyber risk is complacency, not hackers’ – UK Information Commissioner issues warning as construction company fined £4.4 million
The UK Information Commissioner has warned that companies are leaving themselves open to cyber...
FCA begins criminal proceedings against five individuals involved with Worthington Group plc
The FCA has begun criminal proceedings against five individuals involved with Worthington Group...
FCA Authorisations Update October 22
This update covers our progress on service standards for authorisations case work, outlining any...
FCA strategy for firms providing high-cost lending products
This letter sets out our updated view on the key risks of harm we believe high-cost firms pose to...
FCA fines Sigma Broking Limited £530,000 and bans and fines its former directors following market abuse reporting failures
Sigma Broking Limited has been fined £531,000 for failing to make reports crucial in fighting...
Appointed Representatives 165 request Nov 22
In its October 2022, regulation roundup, the FCA reminded firms that new rules for Appointed...
Avoiding the pitfalls on the path to FCA authorisation
In February 2022, the FCA sent a letter to credit rating agencies outlining its view of risks in...
Enforcement Newsletter October 2022
Enforcement monthly newsletter October 2022
FCA sets out potential reforms to multi-occupancy buildings insurance market
The FCA recently set out a range of recommendations and potential remedies designed to give...
FCA to impose £50m fine on Link Fund Solutions over Woodford failings
The FCA has issued Link Fund Solutions with a draft Warning Notice proposing a £50m penalty fee in...
FCA announces Consumer Duty webinars
The FCA announced in July that it was planning to introduce a new Consumer Duty setting higher and...
Dear CEO credit rating agencies
In October 2022, the FCA issued a Dear CEO letter in relation to its thematic findings on the...
FCA Consumer Investments Strategy - 1 year update
In Oct 2022, the FCA provided an update on its progress against the workstreams and outcomes that...