FCA News

Regulation round-up February 2019

February 2019 Quick Links Introduction: Nausicaa Delfas, Executive Director of International Welcome to this edition of Regulation round-up, which includes an update on Brexit.  We continue to plan for a range of scenarios for Brexit, including the possibility of the UK leaving the EU on 29 March 2019 without a deal.  A significant part of our work […]

FCA News

Ending reliance on LIBOR: Overview of progress made on transition to overnight risk-free rates and what remains to be done

Speaker: Megan Butler, Executive Director of Supervision – Investment, Wholesale and SpecialistsEvent: Investment Association, LondonDelivered: 21 February 2019Note: this is the speech as drafted and may differ from the delivered version Highlights: Firms need to end their reliance on the London Inter-bank Offered Rate (LIBOR) by end-2021. We have seen 15 sterling bond issues that have referenced compounded The Sterling […]

FCA News

FCA issues its first decision under competition law

The firms are: Hargreave Hale Ltd Newton Investment Management Limited River and Mercantile Asset Management LLP (RAMAM) The FCA has fined Hargreave Hale £306,300 and RAMAM £108,600. The FCA has not imposed a fine on Newton because it was given immunity under the competition leniency programme. The infringements consisted of the sharing of strategic information, […]

FCA News

Harper and Brown / Harper & Brown

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 […]