Tag: Financial Conduct Authority

fca warning
November 14, 2017 BY Valentina Kirilova

FCA issues warning about the risks of investing in cryptocurrency CFDs

The UK Financial Conduct Authority (FCA) has just issued a warning about the risks of investing in cryptocurrency CFDs. The complete text of the regulator's warning can be seen below: Contracts for differences (CFDs), including financial spread bets, with cryptocurrencies as the underlying investment are increasingly being marketed to consumers. These products are extremely high-risk,…

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Breaking news: FXDD buying MahiFX UK FCA license
November 08, 2017 BY Valentina Kirilova

FCA launches Wholesale Insurance Brokers Market Study

The Financial Conduct Authority (FCA) has today launched a market study to assess how competition is working in the wholesale insurance broker sector. The FCA wants to ensure that the sector is working well, and fosters innovation and competition in the interests of its diverse range of clients. The London insurance market is one of…

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FCA
November 07, 2017 BY Valentina Kirilova

FCA response to PSR’s paper on authorised push payment scams

The Financial Conduct Authority (FCA) has contributed to the Payment Systems Regulator (PSR) paper on Authorised Push Payment Scams. This follows the Which? super-complaint regarding safeguards in the market for push payments. In December 2016, the FCA committed to identify if there were any firm-specific or sector-wide issues in the way banks handle authorised push…

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FCA
November 06, 2017 BY Valentina Kirilova

FCA publishes Future Approach to Consumers

The Financial Conduct Authority (FCA) has today published its ‘FCA Mission – Our Future Approach to Consumers’. The complete text of the announcement can be seen below: When the FCA launched its Mission, it committed to publishing a series of documents that would explain its approach to regulation in more depth. The FCA’s Approach to…

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social trading
October 26, 2017 BY Valentina Kirilova

FCA reforms to enhance the effectiveness of UK primary markets

The Financial Conduct Authority (FCA) has today set out a package of measures designed to ensure that the UK’s primary capital markets remain effective. In 2015 the FCA committed to reviewing the effectiveness of the UK’s primary capital markets, and the regulatory framework governing them to ensure they continue effectively to serve issuers and investors.…

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SFC fines
October 23, 2017 BY Valentina Kirilova

First EMIR derivatives reporting fine handed out to Merrill Lynch - £34.5 million

Merrill Lynch International (MLI) has been fined £34,524,000 by the Financial Conduct Authority (FCA) for failing to report 68.5 million exchange traded derivative transactions between 12 February 2014 and 6 February 2016. This is the first enforcement action against a firm for failing to report details of trading in exchange traded derivatives, under the European…

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Breaking news: FXDD buying MahiFX UK FCA license
October 16, 2017 BY Valentina Kirilova

FCA launches the Asset Management Authorisation Hub

The Financial Conduct Authority (FCA) has today launched its new asset management authorisation hub. The hub has been launched to support new firms by assisting when they apply for authorisation, throughout the authorisation process and afterwards. The authorisation hub will not lower entry standards to the market and entrants will need to meet the same…

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Regulation
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…

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