FCA publishes Decision Notices against two individuals for acting without integrity in relation to pensions business
Both individuals have referred the Decision Notices to the Upper Tribunal. Any findings in the...
Finfluencers Charged for Unauthorised Trading Scheme Promotion
The FCA has brought charges against nine individuals in relation to an unauthorised foreign...
Three charged over CFD trading pension fraud
The FCA has charged three individuals with fraud for their alleged involvement in a high-risk...
FCA bans and fines James Lewis £120,300 for putting investors at risk
The former CEO of Shard Capital Partners has been fined £120,300 and banned by the Financial...
FCA secures £533,000 to return to investors
The FCA has recovered funds from an unauthorised deposit-taking scheme operated by Bright Managment...
Individual charged with investment fraud over unauthorised multimillion pound ‘Kube Trading’ scheme
The FCA has launched criminal proceedings against Lee Steven Maggs of Sittingbourne, Kent, for two...
Competition Act 1998 decision: international money remittance
On 30 November 2023, we decided that 3 firms offering international money remittance services had...
FCA secures £1.6m for investors from alleged unlawful investment schemes
The Financial Conduct Authority (FCA) has secured court approval to obtain £1.6m from Argento...
Stuart Bayes found guilty of insider dealing
Mr Stuart Bayes was today found guilty of 2 offences of insider dealing, following an 8-week trial...
FCA Fines Firm & Bans Advisers: British Steel Pension Scheme Scandal
The FCA has fined Inspirational Financial Management Ltd (IFM), which is in administration,...
House of Commons Treasury Committee’s ‘Sexism in the City’ report
As the Treasury Select Committee’s report sets out, there has been welcome progress on...
FCA to investigate use of personal guarantees in certain small business lending
The Financial Conduct Authority has today committed to investigate the use of personal guarantees...
FCA warns firms over anti-money laundering failings
We have written to CEOs of Annex 1 firms setting out our findings from our recent assessments of...
Cryptoasset AML/CTF Regime: Feedback on Applications - Quality Insights
The FCA has been the anti-money laundering and counter-terrorist financing (AML/CTF) supervisor of...
GAP Insurers Suspend Sales Following FCA Concerns
The FCA has said that multiple insurance firms have agreed to pause sales of Guaranteed Asset...
FCA publishes latest authorisations service metrics
The FCA reports its authorisations metrics quarterly to provide greater transparency on its...
Firms Asked For Details About Ongoing Consumer Duty Services
The FCA is writing to a number of financial adviser firms requesting information about their...
FCA stops thousands of misleading ads and promotions
More than 10,000 financial advertisements and other promotions were withdrawn or changed in 2023...
Former LCF Director Fined Over Financial Promotions
The FCA has fined a former director of London Capital & Finance plc (LCF) £31,800 and banned him...
Financial Services & Markets Act 2000 - Amended Order 2024
HM Treasury has published a draft of The Financial Services and Markets Act 2000 (Regulated...
Expectations of firms selling client banks
The FCA, in this article, has taken the opportunity to express its expectations around the sale of...
The Berne Financial Services Agreement
In December 2023, the UK signed the Berne Agreement with Switzerland. The agreement uses...
Sustainability Disclosure & Labelling Regime Confirmed By FCA
The FCA has confirmed a substantial package of measures to improve the trust and transparency of...
FCA Proposes Regulatory Approach For Overseas Funds
In preparation for the new Overseas Funds Regime (OFR), the FCA has set out its proposals in CP...
Personal Investment Firms To Hold Capital For Redress
The FCA has announced proposals to require personal investment firms to set aside capital so that...
Global regulators foster digital innovation with Project Guardian
The FCA has announced that it is partnering with regulators around the world as part of the...
FCA secures confiscation order against convicted CFO
On 2 November, Southwark Crown Court imposed a Confiscation Order of £355,369 on Timothy Coleman,...
Seriously incompetent pensions advisor handed ban and £200k fine
The FCA has banned Geoffrey Armin from advising customers on pension transfers and opt-outs and...
FCA premieres innovative ad ahead of GameStop movie
The FCA has adopted an innovative approach to cinema advertising as it attempts to raise awareness...
WealthTek LLP ordered to cease operations
The FCA has taken action to protect consumers after identifying serious regulatory and operational...
Two banned over British Steel Pension Scheme advice failings
Keith Dickinson and Andrew Allen of Mansion Park Limited (in liquidation) have been banned from...
Two banned and fined over pension transfer advice failings
The FCA plans to fine Toni Fox and David Price £681,536 and £632,594 respectively for their roles...
ICO fines This Is The Big Deal Limited over PECR contraventions
The Information Commissioner’s Office (ICO) has fined energy provider and switching service This Is...
FCA given new powers to protect access to cash
The Financial Services & Markets Act 2023 has granted the FCA new powers to help it maintain the...
FCA Wins Civil Case Against Care Home Investment Scheme
The High Court has ruled in favour of the FCA against Robin Forster, the director of a company...
FCA secures confiscation order against convicted money launderer
Southwark Crown Court recently imposed a confiscation order of £562,636 against Richard Faithfull...
FCA responds to NatWest Board announcement on account closures
Commenting on the NatWest Board’s announcement on allegations relating to account closures and...
FCA continues crackdown on unregistered crypto ATMs
The FCA says it has visited and inspected 34 locations across the UK this year suspected of hosting...
FCA outlines concerns about sustainability-linked loans market
Sustainability-linked loans (SLLs) aim to support sustainable economic activity and growth, with...
Regulators combine to call on firms to help struggling customers
Following a roundtable meeting with Chancellor Jeremy Hunt the FCA has joined other regulators in...
Morgan banned over British Steel Pension Scheme advice failings
The FCA has banned Denis Lee Morgan of Pembrokeshire Mortgage Centre Limited (in liquidation) (PMC)...
ClientEarth fails in judicial review against FCA
ClientEarth, an environmental charity that seeks to bring legal challenges in respect of entities...
Three charged over unauthorised sale-and-rent-back schemes
The FCA has initiated criminal proceedings against three individuals for carrying out regulated...
JROC sets out next steps to help UK open banking grow
The Joint Regulatory Oversight Committee (JROC) has set out an ambitious programme of work to take...
FCA Fines Firm For Enabling Illegitimate Tax Reclaims
The FCA has fined ED&F Man Capital Markets Ltd (MCM) £17.2m for serious failings in its oversight...
Brothers guilty of taking £750k from failed investment firm
In a prosecution brought by the FCA, Peter Currie (59) was convicted at Southwark Crown Court of...
FCA Issues Notice For Banque Havilland & 3 Former Employees
The FCA has decided to fine Banque Havilland £10m; its former London branch CEO, Edmund Rowland,...
FCA Announces Plan To Deliver Redress To Woodford Investors
Following an investigation by the FCA, Link Fund Solutions (LFS) has agreed to provide, with a...
Joint Committee Sets Direction For Next Phase Of UK Open Banking
Today [17/04/2023], the Joint Regulatory Oversight Committee (JROC), co-chaired by the FCA and the...
Four individuals face fraud charges
The FCA has started criminal proceedings against four individuals for conspiracy to commit fraud...
FCA imposes restrictions on Lisa Campbell
In April 2023, the FCA imposed conditions on Lisa Campbell's approval as a senior manager of...
FCA updates on its operating service metrics for authorisations
The FCA has published an update on its operating service metrics for authorisations timelines.
FCA welcomes publication of criminal market abuse regime review
The FCA has welcomed the UK government’s recently issued statement on the completion of the...
FCA to collect Treasury’s economic crime levy from July
The government’s new economic crime levy (ECL) will be jointly collected by HMRC, the FCA, and the...
FCA Takes Further Action Against Unregistered Crypto ATMs
The FCA has used its powers to inspect several sites in East London suspected of hosting illegally...
FCA To Tackle Competition Problems With The Trade Data Market
A new Financial Conduct Authority report has found that competition in some parts of the wholesale...
FCA To Compensate Consumers Following Unlawful CFD Forex Trading
The FCA has secured money that will be paid to consumers that were subject to illegal contracts for...
FCA Takes Action Against Unregistered Crypto ATM Operators
The Financial Conduct Authority has used its powers to enter and inspect several sites around Leeds...
FCA starts court process to recover money for investors
The FCA has commenced High Court proceedings against an unauthorised investment firm and its sole...
Mortgage lending statistics
The FCA collects mortgage lending data via the Mortgage Lending and Administration Return (MLAR)1...
Implementing the Consumer Duty in credit brokers
In March 2023, the FCA issued five Dear CEO letters to credit sector firms concerning the...
FCA confirms help for mortgage borrowers struggling with payments
In March 2023, the FCA confirmed its final mortgage guidance in FG 23/2, setting out the ways...
Fast-growing firms multi-firm review
In March 2023, the FCA summarised its findings and set out its expectations of fast-growing FCA...
FCA issues statement of objections to three money transfer firms
In a recently issued statement of objections, the FCA alleged that three money transfer firms fixed...
Michael Nascimento Sentenced After Not paying Confiscation Order
Michael Nascimento has been sentenced to almost four additional years in prison for failing to pay...
TSB fined £48.6m for operational resilience failings
The FCA and the PRA have fined TSB Bank plc a total of £48.6m over operational risk management and...
FCA seeks views on updating asset management regulation
In February 2023, the FCA announced in its Discussion Paper DP 23/2 that it is seeking views on...
FCA's Executive Director Briefs Firms On The Consumer Duty
In February 2023, the FCA advised that some firms are using inappropriate tactics in an effort to...
FCA Publishes Decision Notices Against Bond Traders
The FCA has published Decision Notices for market abuse that have been issued to bond traders Diego...
FCA issues Final Notice on Carlo Palombo
The FCA has issued a Final Notice prohibiting Carlo Palombo from performing any function in...
Newly Authorised Firms Get FCA Support On Financial Promotions
The FCA has created a new function to help newly authorised firms adapt to its supervision as they...
FCA Concern Over Problem Behaviours Linked To Trading App Design
The FCA has warned stock trading app operators to review design features such as game-like elements...
Final Notice To Former CEO For Anti-money Laundering Failings
The FCA has publicly censured Mohammad Ataur Rahman Prodhan, the former Chief Executive Officer of...
FCA Obtains Judgement Against Unauthorised Mortgage Brokers
The FCA has obtained a judgment against London Property Investments (U.K.) Limited (LPI) and NPI...
FCA bans director with violent criminal conviction
The FCA has banned Ashkan Zahedian from working in financial services after he was convicted of...
FCA progresses market abuse claim against Globo Plc chiefs
The FCA has commenced civil proceedings against the former CEO and CFO of Globo Plc for alleged...
FCA Prosecutes 5 People Over 'All-or-nothing’ Investment Scheme
Following an application at Southwark Crown Court on 31 October 2022, two prosecutions for alleged...
FCA cancels Umuthi Healthcare Solutions shares
Earlier this year, the FCA issued Umuthi Healthcare Solutions PLC (UHS) with a First Supervisory...