FCA News

Mae’r Awdurdod Ymddygiad Ariannol (FCA) wedi cynnig rheolau newydd i gynnal mynediad rhesymol i arian parod ar gyfer cwsmeriaid personol a busnes ledled y DU. Mae hyn yn dilyn pwerau newydd a roddwyd i’r FCA gan Ddeddf Gwasanaethau a Marchnadoedd Ariannol 2023. O dan gynigion yr FCA, bydd angen i fanciau a chymdeithasau adeiladu dynodedig […]

More people could access advice or support to help make their money work harder under proposals set out today by the Financial Conduct Authority (FCA) and the Government. The potential options aim to help more people benefit from investment opportunities, provide for later life, save for major expenses or tidy up their finances. The FCA […]

The FCA has proposed new rules to maintain reasonable access to cash for personal and business customers across the UK. This follows new powers granted to the FCA by the Financial Services and Markets Act 2023. Under the FCA’s proposals, designated banks and building societies will need to assess gaps in access to cash. These […]

The FCA has written to the Treasury Committee about its decision not to take enforcement action following investigations into NCM Fund Services Ltd and Northern Provident Investments Ltd, the two organisations that approved the financial promotions of Blackmore’s mini-bonds. A copy of our letter has been published by the Treasury Committee. Original Article Here

We have published a data update on the cash savings market. We have seen some indications of a more competitive cash savings market emerging, with higher rates being paid to savers and data indicating people are moving their money to take advantage of them. From July 2023 to October 2023, both the volume of deposits […]

The FCA is warning of the risk of loan fee fraud as almost two-thirds of parents feel pressured to spend above their means at Christmas. 40% of UK adults are concerned about being able to afford Christmas spending this year, rising to half of parents (52%) with young children under the age of 18. Over […]

People will find their credit files better reflect their financial circumstances, under proposals announced by the Financial Conduct Authority (FCA). The change is one of a range of measures to improve the quality of the information collated by credit reference agencies (CRAs), which is used to inform lending decisions, and boost competition in the market. […]

In preparation for the new Overseas Funds Regime (OFR), the Financial Conduct Authority (FCA) has set out its proposals for how the regime should operate. The OFR has been designed by Parliament to provide a streamlined process that allows non-UK domiciled funds to market to UK retail customers where the government has found a jurisdiction […]

We have today set out temporary measures to give investment companies greater ability to explain their costs and charges to help consumers make better informed investment decisions. We are taking steps to address concerns that current disclosure obligations are producing unhelpful cost information for consumers. To support better cost disclosure, we will allow funds to […]

This statement relates to concerns raised about costs and charges disclosure in the PRIIPs Key Information Document (KID), the UCITS Key Investor Information Document (KIID) and MiFID II requirements.It sets out our interim measure, pending broader reform possible through legislative change, to provide for some disaggregation of costs and charges disclosure.These actions should give investment […]