The Bank of England (BoE), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR) have a Memorandum of Understanding (MoU) that sets out the high-level framework the Authorities use to cooperate with one another, in relation to payment systems in the UK. The Financial Services (Banking Reform Act) […]
FCA News
FCA publishes Annual Report and Accounts 2017/18
Highlights from this year include: our work to prepare for EU withdrawal our work to implement major changes to the information and services that consumers can benefit from when they make payments (PSD2) and to transparency and customer protections in the markets for shares, bonds and other financial instruments (MiFID II) extending the Senior Managers […]
General Asset Management (clone of FCA 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 […]
The FCA’s approach to Brexit: our preparations and our vision for the future
Speaker: Nausicaa Delfas, Executive Director of InternationalEvent: Bloomberg/TheCityUK, LondonDelivered: 19 July 2018Note: this is the speech as drafted and may differ from delivered version Introduction It has been a remarkable year in international affairs – dominated by change. So, I would like to take a step back today and offer a few reflections on an area which I […]
FCA response to the CMA’s provisional decision report on its investment consultants market investigation
[unable to retrieve full-text content]Original Article Here
The Financial Conduct Authority publishes Approach to Consumers paper, alongside Discussion Paper on Duty of Care
The discussion paper explores if there is a need for a specific duty of care requirement for firms in financial services. It explores if a new duty of care could enhance good conduct and culture and provide additional protections for consumers. If changes are required the paper asks what those changes could look like and […]
2dots Limited t/a 8infx
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 […]
Intergenerational challenges: what Mike and the Mechanics can teach us about pensions
Speaker: Christopher Woolard, Executive Director of Strategy and CompetitionLocation: Pensions Policy Institute, LondonDelivered on: 16 July 2018 Highlights: Demographic shifts and economic trends over the last 30 or so years have remade the social contract across the generations – from the difficulties younger people face getting on the housing ladder, to the need for older people […]
Talbot Review Centre
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 […]
FCA proposes actions to improve competition in the investment platform market
However, the FCA’s interim findings reveal concerns about how platforms compete for particular groups of consumers. Given the rapid growth in this market, the FCA is proposing measures to address these problems before they get bigger. With £500bn of assets under management, the investment platforms market has almost doubled in size since 2013. During the […]