Tag: Financial Conduct Authority

FCA
January 23, 2019 BY Valentina Kirilova

FCA helps firms understand whether their cryptoasset activities fall under regulation

UK financial regulator the Financial Conduct Authority (FCA) has announced that it is today consulting on guidance, which, once finalised, will set out the cryptoasset activities it regulates. With this move, the regulator aims to help firms understand whether their cryptoasset activities fall under FCA regulation. Christopher Woolard, executive director of Strategy and Competition at…

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FCA allows retail investors greater access to long-term investment opportunities
December 12, 2018 BY Valentina Kirilova

FCA allows retail investors greater access to long-term investments

Right after publishing its Quarterly KPIs, the Financial Conduct Authority (FCA) has informed the public that it is going to allow retail investors greater access to long-term investment opportunities. Christopher Woolard, Executive Director of Strategy and Competition at the FCA, commented: We are proposing changes to allow retail investors greater access to long-term investment opportunities.…

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FCA publishes its Quarterly KPIs, no clear trends indicative of firm responses to Brexit
December 12, 2018 BY Valentina Kirilova

FCA publishes Quarterly KPIs, no clear trends indicative of firm responses to Brexit

UK financial regulator Financial Conduct Authority (FCA) has published its Authorisations Quarterly Key Performance Indicators (KPIs) as at September quarter. These indicators provide key metrics on the performance of the FCA’s Authorisations Division, including authorisations, cancellations, variations of permission, change in control, and passporting. The latter seems to be of most interest these days due…

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November 29, 2018 BY Valentina Kirilova

FCA publishes EU Withdrawal Impact Assessment

The Financial Conduct Authority (FCA) has announced today that it has published its EU Withdrawal Impact Assessment. The Treasury Select Committee requested the FCA to assess the impact of the UK’s exit from the EU across three areas: The UK leaves the EU without an agreement either on 29 March 2019 or after the transitional…

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FCA clarifies fairer treatment of regular premium PPI complaints
November 07, 2018 BY Valentina Kirilova

FCA clarifies fairer treatment of regular premium PPI complaints

The Financial Conduct Authority (FCA) has today issued final guidance that clarifies its expectations about the handling of certain regular premium payment protection insurance (PPI) complaints. The FCA is also proposing new rules requiring firms to write to around 150,000 consumers who had previously complained unsuccessfully to tell them they can make a new complaint and remind them…

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FCA clarifies fairer treatment of regular premium PPI complaints
October 24, 2018 BY Valentina Kirilova

FCA publishes PPI complaints deadline progress report

The Financial Conduct Authority (FCA) has today published an update on the progress of its payment protection insurance (PPI) consumer communications campaign and supporting supervisory work. The campaign has succeeded in increasing consumers’ understanding of PPI and how to check if they have had it, as well as awareness of the deadline for making complaints.…

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Paxos teams up with bitcoin payment service BitPay
October 08, 2018 BY Valentina Kirilova

FCA and SFC sign MoU on UK-Hong Kong mutual recognition of funds

The Financial Conduct Authority (FCA) and the Hong Kong Securities and Futures Commission (SFC) have entered into a Memorandum of Understanding on Mutual Recognition of Funds (MoU), which will allow eligible Hong Kong public funds and United Kingdom retail funds to be distributed in each other’s market through a streamlined process. The MoU also establishes…

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fca fine
October 01, 2018 BY Valentina Kirilova

FCA fines Tesco Bank £16.4m for failures in 2016 cyber attack

The Financial Conduct Authority (FCA) has just announced that it has fined Tesco Personal Finance plc (Tesco Bank) £16,400,000 for failing to exercise due skill, care and diligence in protecting its personal current account holders against a cyber attack. The cyber attack took place in November 2016. Cyber attackers exploited deficiencies in Tesco Bank’s design…

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fca fine
September 27, 2018 BY Valentina Kirilova

Prime broker Linear Investments disputes £409,300 FCA fine

The Financial Conduct Authority (FCA) has just published a Decision Notice concerning Linear Investments Limited (Linear). Linear failed to take reasonable care to organise and control its affairs responsibly and effectively to ensure potential instances of market abuse could be detected and reported. The failure occurred from 14 January 2013 to 9 August 2015. Linear…

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