FCA News

Creditstar UK Limited (clone)

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 […]

FCA News

FCA and PSR Boards appoint new members to decision-making committees

The Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) Boards have appointed new members to three decision-making committees: the FCA’s Competition Decisions Committee (CDC) and the PSR’s Competition Decisions Committee and Enforcement Decisions Committee (EDC). These three committees are responsible for taking certain competition law and regulatory decisions when a settlement cannot be reached. […]

FCA News

FCA bans Angela Burns from acting as a non-executive director and fines her for her failure to declare conflicts of interest

Angela Burns is an experienced UK investment professional and the chief executive of her own investment consultancy. From January 2009 until May 2011, Ms Burns was a NED at two mutual societies and served as the chair of their investment committees. Both mutual societies were seeking investment manager services and looked to Ms Burns for her […]

FCA News

Regulation round-up December 2018

December 2018 Quick Links Introduction: Christopher Woolard, Executive Director of Strategy and Competition We recently set out our proposals for a price cap on the rent-to-own (RTO) sector – these are now open for consultation. Through this work, we’re aiming to protect some of the most financially vulnerable people in the UK – saving them up […]

FCA News

Update on preparing your firm for Brexit

We expect that, by now, firms have considered the issues that we have previously highlighted. We have updated our webpage on preparing your firm for Brexit to follow up on some key areas: contract continuity – we remind firms which do business in the EEA under a passport that they need to consider how they […]