Tag: Financial Conduct Authority (FCA)

April 19, 2018 BY Valentina Kirilova

PPI complaints rise by 40% in FCA's 2Q 2017 report

Complaints about payment protection insurance (PPI) drove a 13% increase in the number of complaints made to financial services firms in the second half of 2017, according to figures published today by the Financial Conduct Authority (FCA). During the second half of 2017 a total of 3.76 million complaints were received, an increase of 427,032…

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FCA
October 26, 2017 BY Valentina Kirilova

FCA publishes position limits for commodity derivative contracts

The Financial Conduct Authority (FCA) has today published position limits on certain commodity derivative contracts which are traded on UK trading venues. The limits have been established by exercising the regulator's power of direction under Regulation 16 of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (MIFI Regs) in accordance…

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fca warning
October 24, 2017 BY Valentina Kirilova

FCA warns against Greenshields Capital Group firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Greenshields Capital Group. Greenshields Capital Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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FCA regulatory sandbox FinTech WFE
October 20, 2017 BY Valentina Kirilova

FCA outlines lessons learned in year one of its Regulatory Sandbox

The Financial Conduct Authority (FCA) has today published a report outlining how the regulatory sandbox has met its objectives over the first year of operation. The sandbox was established to support the FCA’s objective of promoting effective competition in the interests of consumers. The sandbox enables firms to test innovative products, services or business models in…

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September 22, 2017 BY Valentina Kirilova

FCA and Hong Kong Insurance Authority sign Fintech co-operation agreement

The Financial Conduct Authority (FCA) announces today that it has entered into a co-operation agreement with the Hong Kong Insurance Authority (IA) to enhance collaboration in supporting Fintech innovation. Under the agreement, the FCA and the IA will cooperate on information sharing on innovation and referrals of innovative firms seeking to enter the counterpart's market.…

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August 17, 2017 BY Valentina Kirilova

FCA launches a payment protection insurance campaign

UK financial regulator Financial Conduct Authority (FCA) announced that will soon be launching a campaign to inform people about the 29 August 2019 deadline to complain about payment protection insurance (PPI). This campaign will complement the regulatory and supervisory work we have done – and will continue to do – around PPI. The consumer campaign…

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fca warning
August 08, 2017 BY Valentina Kirilova

FCA warns against Clarion Global Group firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Clarion Global Group. Clarion Global Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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August 03, 2017 BY Valentina Kirilova

FCA publishes the findings from survey of industry views

The Financial Conduct Authority (FCA) and the FCA Practitioner Panel have today published the findings from their 2017 survey of FCA-regulated firms. The survey gives a view across the financial services sector of the FCA’s performance as a regulator. It provides the opinions of more than 2,000 regulated firms who completed the survey in March…

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July 31, 2017 BY Valentina Kirilova

FCA's Chief Executive Andrew Bailey and Head of Department, Scotland Maggie Craig interview with The Scotsman

Andrew Bailey and new Financial Conduct Authority (FCA) Head of Department, Scotland Maggie Craig have given an interview to The Scotsman discussing Maggie’s new role and the FCA’s plans in Scotland. LeapRate reported earlier last week that the FCA has announced the appointment of Maggie Craig as the Head of Department, Scotland. Read the complete…

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fca cftc regulation
July 26, 2017 BY Valentina Kirilova

FCA to extend the Senior Managers and Certification Regime to all financial services firms

In October 2015, HM Treasury announced its intention to extend the Senior Managers and Certification Regime (SM&CR) to all sectors of the financial services industry. The Financial Conduct Authority (FCA) has today published proposals to extend the SM&CR to almost all regulated firms. The new regime will essentially replace the Approved Persons Regime. The aim…

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