Tagged: financial conduct authority

July 12, 2024 @ 7:54 pm By JD Alois  |  

This past week, the UK Financial Conduct Authority (FCA) posted updated rules designed to encourage more public share listings in the UK. The “overhaul” of the rules are part of a broader push to ensure and grow the UK’s status of a leading global financial… Read More

July 11, 2024 @ 3:43 pm By JD Alois  |  

The UK Financial Conduct Authority has ramped up its name and shame approach to scofflaws who allegedly commit financial services crimes. While in the US, the Securities and Exchange Commission, has long publicly posted their enforcement actions this is not as common in the UK…. Read More

June 28, 2024 @ 8:22 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) announced that it has appointed the members of our advisory committee on secondary markets for the period June 2024 to June 2026. The UK Secondary Markets Advisory Committee supports the FCA’s work “in wholesale secondary markets in equities, fixed… Read More

May 30, 2024 @ 11:48 am By JD Alois  |  

SEC Commissioner Hester Peirce has publicly shared a comment on a consultation in the UK. Launched last April, the proposal is for a Digital Securities Sandbox (DSS) initiated by the UK Financial Conduct Authority and the Bank of England. The deadline for feedback from interested… Read More

May 23, 2024 @ 8:48 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has fined HSBC £6,280,100 for the poor treatment of its customers. According to the FCA, HSBC failed to properly consider people’s circumstances when they had missed payments. This transgression took place between June 2017 and October 2018. The FCA… Read More

April 26, 2024 @ 9:01 am By Omar Faridi  |  

Ahead of the anti-greenwashing rule coming into force on 31 May, the UK’s Financial Conduct Authority (FCA) is supporting industry with guidance to help them meet the standard. The new rule is designed to protect consumers “by ensuring sustainable products and services they are sold… Read More

April 13, 2024 @ 2:30 pm By Michael Wong  |  

The UK’s Financial Conduct Authority (FCA) has called for the establishment of a new industry body to enhance the functioning of Britain’s “highly concentrated” consumer credit ratings market, which it says is currently not serving consumers well, Reuters has reported. The consumer credit ratings market,… Read More

April 10, 2024 @ 11:33 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a report on consumer debt. The FCA states that 7.4 million people are struggling to pay bills and credit card debt (January 2024).  While this is lower than the 10.9 million in January 2023 who were encountering… Read More

April 3, 2024 @ 5:00 pm By JD Alois  |  

While everyone understands that securities will inevitably become digital, policymakers have been slow to provide an ecosystem to support the nuances intrinsic to the transition from analog. Eventually, digital securities will become the dominant sector of digital assets, and clear-cut rules are needed. Today, the… Read More

March 29, 2024 @ 7:58 am By Omar Faridi  |  

The UK’s HM Treasury is reportedly considering or looking into possibly making changes to its existing Anti-Money Laundering and Counter-Terrorist Financing (AMLCFT) framework. This may potentially mean that service providers of non-fungible token (NFT) trading platforms could get added within the applicable regulatory framework. At… Read More

March 27, 2024 @ 11:56 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a warning to “Finfluencers” individuals who use social media to promote financial services. While influencers may be a popular source of information, few of these individuals actually have any notable experience within the financial services industry. Yet… Read More

March 1, 2024 @ 2:12 am By Omar Faridi  |  

Portofino Technologies, one of the cryptocurrency market makers, announces its successful registration as a cryptoasset firm with the Financial Conduct Authority (FCA), enabling the business to trade cryptocurrencies with institutional investors in the UK. Since its inception, Portofino Technologies, a crypto-native high frequency trading firm,… Read More

February 27, 2024 @ 11:27 pm By JD Alois  |  

UK consumers can take advantage of savings rates of more than 5%, yet some remain stuck at financial institutions that offer far lower returns. After publicly chastising firms that fail to pass on higher rates to savers, the UK Financial Conduct Authority is now launching… Read More

February 27, 2024 @ 10:07 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) says that going forward, it will strive to provide more transparency in enforcement cases. At the same time, enforcement cases are expected to be resolved more rapidly. For cases where “no outcomes are achievable,” these will be closed more… Read More

February 21, 2024 @ 8:28 am By JD Alois  |  

Regulatory services firm Englebert has been approved by the UK Financial Conduct Authority (FCA) to approve crypto asset promotions. The registration is viewable here. Englebert described the approval as a “groundbreaking milestone.’ Englebert is a new company but claims decades of experience within the company…. Read More

February 19, 2024 @ 6:40 pm By JD Alois  |  

Bryan Zhang, the co-founder and Executive Director of the Cambridge Centre for Alternative Finance (CCAF), has been appointed to the Board of the UK Financial Conduct Authority (FCA). Zhang commenced his initial three-year term as a non-executive Director today (February 19, 2024). The FCA is… Read More

January 17, 2024 @ 8:37 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has appointed Daniel Godfrey as chair and Julia Dreblow as vice-chair of a new working group focused on building capability in sustainable finance across the financial advice sector. The Personal Investment Management & Financial Advice Association (PIMFA) will “provide… Read More

January 6, 2024 @ 8:22 am By Tony Zerucha  |  

The United Kingdom’s Financial Conduct Authority (FCA) is taking steps to ensure folks maintain access to physical currency in an increasingly digital society. The agency proposed new rules to maintain reasonable access to cash for personal and business customers across the UK. This follows new… Read More

January 5, 2024 @ 9:37 am By Omar Faridi  |  

Digital securities are broadly acknowledged as the future of all securities. Yet, progress has been slow for regulators around the world to craft the needed rules to enable digital to replace existing analog securities. The advent of distributed ledger technology (DLT), or blockchains, is expected… Read More

December 28, 2023 @ 9:53 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) Chief Executive Nikhil Rathi has issued a statement on the agency’s key achievements in the past couple of years. The update is part of a three-year strategy by the FCA to support financial services development while providing ample protection…. Read More