FCA News

In a paper published today, the FCA is continuing its discussion on how it can make the listing regime, the rules companies must follow to be allowed to list their shares in the UK, more effective, easier to understand and more competitive.     Under one of the FCA’s suggestions, companies wishing to list in […]

After failing to reach a verdict in a trial at Southwark Crown Court brought by the Financial Conduct Authority (FCA), the jury was discharged. The FCA will now consider whether to seek a re-trial of Stuart Bayes and Jonathan Swann for insider dealing. Original Article Here

The court-approved scheme is an improvement on last year’s failed proposal and has the support of the Independent Creditors Committee, which was set up to protect the interests of those customers owed redress. The majority of eligible customers who voted on the firm’s proposals voted in favour of the scheme. We objected to Amigo’s previous […]

MMFs are a type of open-ended investment fund, considered to be a low-risk investment that gives investors credit risk diversification and a place to hold, rather than grow, their assets. In March 2020, financial markets reacted to the Covid pandemic with increased selling pressure, volatility and illiquidity. MMFs came under severe strain across major currencies, […]

Speaker: Charles Randell, ChairEvent: Centre for Commercial Law Studies, Queen Mary University of LondonDelivered: 20 May 2022Note: this is the speech as drafted and may differ from the delivered version Highlights: The consumer’s voice needs to be front and centre in our regulation and in every Boardroom. Policy partnerships between Government and regulators are crucial […]

The FCA published an alert in relation to Obatan LLC on 22 April 2022. That alert was removed on 16 May 2022. Obatan LLC is not authorised by the FCA. The FCA does not, on the information presently available to it, believe that Obatan LLC is carrying out activities in the UK for which it […]

The FCA is to use new powers to more swiftly cancel or change what regulated activities firms are permitted to do, these are known as permissions. This new power is available following a change in the law allowing the FCA to streamline and shorten the removals process. The FCA will provide a firm with two […]

Rainbow Saver Anglia Credit Union Limited is a financial co-operative owned by its members. It is regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) under Firm Reference Number (FRN) 213617 as a deposit-taker. The Financial Services Compensation Scheme (FSCS) is stepping in to protect members and will return members’ money […]

Speaker: Sheldon Mills, Executive Director, Consumers and CompetitionEvent: The British Insurance Brokers’ Association (BIBA) Conference 2022Delivered: 11 May 2022Note: this is the speech as drafted and may differ from the delivered version Highlights Brokers play a vital role in helping consumers and businesses access the insurance products they need, especially in times of uncertainty, safeguarding them against unexpected financial losses. We want […]

This is a service which would have allowed AJCC to take responsibility for firms carrying out regulated activities without being directly FCA approved, known as Appointed Representatives (ARs). AJCC could not demonstrate that it had the skills, experience or the staff to oversee ARs. It was unable to describe a viable or sustainable business model. […]