FCA News

New Chairs of the Financial Conduct Authority’s Practitioner Panel and Markets Practitioner Panel announced today

Practitioner Panel Anne Richards, Chief Executive of M&G, becomes Chair of the FCA Practitioner Panel from 1 August 2017. She has been a member of the Panel since 2013. She succeeds António Simões, Chief Executive Officer of HSBC Bank plc. Markets Practitioner Panel John Trundle, Chief Executive Officer of Euroclear UK & Ireland, becomes Chair […]

FCA News

Information request to with-profits firms

One of our priorities is firms’ treatment of existing customers. This review into the fair treatment of with-profits customers, included in our 2017/2018 Business Plan, is a key part of this programme of work. With-profits policies are an investment type offered by some life insurance companies. Money from each investor is pooled with that of […]

FCA News

Brit-Group

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 News

FCA announces the names of firms who have participated in the Advice Unit and publishes the FAMR baseline report

The Advice Unit was established in 2016 following a recommendation from the Financial Advice Market Review (FAMR) to provide regulatory feedback to firms developing automated advice and discretionary investment management models. The Advice Unit is open to applications from firms of all sizes, whether new start-ups or large firms, provided they meet our eligibility criteria. […]

FCA News

Andrew Bailey speech on retail banking in the UK – reflections from the FCA

Speaker: Andrew Bailey, Chief ExecutiveEvent: BBA Retail Banking Conference, LondonDelivered: 29 June 2017Note: this is the speech as drafted and may differ from the delivered version Highlights One big lesson from Northern Rock is the importance of understanding business models and where banks earn their returns and how stable those returns are. Retail banks are complex because they provide […]

FCA News

FCA statement on contract for difference products and CP16/40

This follows the announcement made today by the European Securities and Markets Authority (ESMA) on its consideration of product intervention measures under Article 40 of the Markets in Financial Instruments Regulation (MiFIR). ESMA’s product intervention powers can only come into effect from 3 January, 2018 at the earliest. Given progress in ESMA’s own consideration of the […]

FCA News

Prolinet Ventures Limited

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 News

AIG Options / CMC Options

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 […]