FCA News

Florence Garret (clone of authorised firm)

Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. This is what we call a ‘clone firm’; and fraudsters usually […]

Regulatory News

Statement – Elite Insurance Company

20 March 2019 Press Release 20 March 2019 The Gibraltar Financial Services Commission has published a notice in relation to Elite Insurance Company.  Further information is available here. 28 July 2017 The Gibraltar Financial Services Commission has today published an update in relation to Elite Insurance Company. For […]

FCA News

FCA response to National Audit Office report

The FCA welcomes today’s report by the National Audit Office – Regulating to protect consumers: Utilities, communications and financial services markets. The report provides a view of the challenges that regulators, including the FCA, face when measuring their performance and understanding what works well for consumers. Andrew Bailey, Chief Executive at the FCA, said: ‘Protecting consumers […]

FCA News

FCA statement on share trading obligations

The EU MiFID II and onshored UK MiFID regimes both have share trading obligations (STOs) which mandate investment firms to trade certain shares on regulated markets, multilateral trading facilities, systematic internalisers or third-country trading venues assessed as equivalent by the EU and UK respectively.  ESMA has today published its expectations for the STO in the EU in the […]

FCA News

Pennberg KPO LLC

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. However, some firms act without our authorisation and some knowingly run investment scams.  This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we […]