Andrew Bailey, Chief Executive of the FCA: Free trade in financial services matters LeapRate

September 29, 2017 BY Valentina Kirilova

Andrew Bailey, Chief Executive of the FCA: Free trade in financial services matters

Andrew Bailey, Chief Executive of the FCA gave a speech today at the Official Monetary and Financial Institutions Forum. Below is the speech as drafted and may differ from the delivered version: Highlights We can learn lessons by putting the issues around Brexit into a historical context. Common regulatory standards are a necessary condition for…

September 12, 2017 BY LeapRate Staff

FCA issues risk warning about ICOs and Token Sales

UK financial regulator The FCA has added its voice to other watchdogs around the world, issuing a formal consumer warning about the risks of Initial Coin Offerings, or ICOs. A similar warning was made recently by Canada regulator CSA. What are ICOs? The term ICO refers to a digital way of raising funds from the…

August 09, 2017 BY Valentina Kirilova

FCA’s decision to fine and ban Charles Palmer former CEO of Adviser Network upheld

On 8 August 2017, the Upper Tribunal upheld the Financial Conduct Authority’s (FCA) decision to ban Charles Palmer, former CEO of Financial Limited and Investments Limited (“the Firms”), from performing FCA significant influence functions. The Tribunal also upheld the FCA’s decision to impose a financial penalty of £86,691 on Mr Palmer. Mr Palmer was the…

July 26, 2017 BY Valentina Kirilova

FCA appoints Maggie Craig as Head Of Department, Scotland

The Financial Conduct Authority (FCA) has today announced the appointment of Maggie Craig as the Head of Department, Scotland. Head of Department Scotland is a new role created to take forward the FCA’s presence in Scotland. Craig will be focused on developing this approach and contributing to Scottish aspects of FCA policies. Maggie Craig joined…

July 17, 2017 BY Valentina Kirilova

FCA sets out scope of Investment Platforms Market Study

The Financial Conduct Authority (FCA) has today published the Terms of Reference for the Investment Platforms Market Study, which sets out the scope and topics that will be covered. Investment platforms are increasingly used by consumers and financial advisers to access retail investment products and to manage investments. The platform market has steadily grown over…

June 28, 2017 BY Valentina Kirilova

FCA publishes final report into asset management sector

The Financial Conduct Authority (FCA) has today published the final findings of its asset management market study and announced the package of remedies it will take forward to address the concerns identified in its interim report into the sector. Andrew Bailey, Chief Executive at the FCA said: The asset management sector is important to the…

June 18, 2017 BY LeapRate Staff

FCA and PSR Chairman John Griffith-Jones to resign

John Griffith-Jones, Chairman of UK financial regulator the Financial Conduct Authority (FCA) as well as of the spun-out payment systems regulator the Payment Systems Regulator (PSR), has announced that he will leave both organisations at the end of his term of office, on March 31, 2018. No replacement for Mr. Griffith-Jones has yet been named. HM Treasury…

June 15, 2017 BY Valentina Kirilova

FX providers advancing to Cohort 2 of the FCA’s Regulatory Sandbox include Assure Hedge, OKLink, ZipZap

The Financial Conduct Authority (FCA) today provided an update on its regulatory sandbox and unveiled the list of firms that were successful in their applications to begin testing in the second cohort of the sandbox. The regulatory sandbox allows businesses to test innovative products, services, business models and delivery mechanisms in a live environment while…

June 12, 2017 BY Valentina Kirilova

FCA announces temporary restriction in short selling: Liberbank, S.A

The Financial Conduct Authority (FCA) also drew the industry’s attention to the announcement by the Spanish Comisión Nacional del Mercado de Valores (CNMV) today which restricts transactions under Article 20 (2) (a) and (b) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012. This applies to transactions…

May 24, 2017 BY LeapRate Staff

FCA secures eight confiscation orders totaling £2.2 million

UK financial regulator The FCA has announced that the Central Criminal Court has made confiscation orders against the two final defendants who were convicted of offences following one of the FCA’s largest investigations into unauthorised activity. The FCA’s investigation, known as Operation Cotton, led to eight convictions and this week’s orders mean a total of £2,195,496…

Tag: FCA