FCA Financial News

19.01 / 16:17

regulation companies financial conduct authority FCA Unit trusts/OEICs Link Fund Solutions FCA reasserts proposed Woodford redress is 'subset of total losses' as sanction decision delayed

Smith argued the fault of Link Fund Solutions Limited lies in liquidity management failings, as the regulator has since it first revealed the scheme in April 2023.

19.01 / 08:49

regulation Financial Services FCA PRA House of Lords committee Financial House of Lords to set up committee to scrutinise financial regulators - reports

UK financial watchdogs, the Financial Conduct Authority and Prudential Regulation Authority, are already subject to questioning by the House of Commons’ Treasury Select Committee.

18.01 / 14:37

regulation FCA PRA Diversity NOT Financial FCA: NDAs should not deter whistleblowers from reporting non-financial misconduct

Sarah Pritchard (pictured), is the FCA's executive director of supervision, policy and competition for markets.

16.01 / 14:57

regulation Sustainability Financial Services ESG FCA SDR Support FCA launches sustainability support group for advisers

The FCA will sit as an active observer and has asked the group to report on how the advice sector can be supported in delivering good practice in the second half of 2024.

11.01 / 09:15

ETF regulation SEC eToro Bitcoin FCA 'Watershed moment' for crypto as SEC approves 11 spot bitcoin ETFs

'Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto,' the SEC chair said.

09.01 / 18:03

regulation Morningstar ESG FCA SDR 2024 Morningstar estimates up to 300 existing funds will opt for SDR label in 2024

Morningstar's Hortense Bioy (pictured) said the success of the UK labelling regime will lie in the quantity and quality of the products that get labelled.

02.01 / 22:31

regulation OKX FCA compliance OKX Implements New Rules for UK Users in Compliance with FCA Regulations

The cryptocurrency exchange OKX is introducing rules for its United Kingdom-based users in response to recent regulations introduced by the UK Financial Conduct Authority (FCA).

20.12 / 10:53

regulation Financial Services listings financial conduct authority FCA FCA unveils listings regime proposals to simplify market access for companies

'We are working to strengthen the attractiveness of UK capital markets and supporting UK competitiveness and growth.'

19.12 / 18:48

regulation companies investigation FCA Odey Asset Management FCA takes no action against Odey Asset Management following investigation

In an investor letter, Odey AM CEO Peter Martin and COO and CFO Michael Ede said they were 'pleased to report that the FCA have completed their investigation into the firm and will not be taking any action'.

18.12 / 21:44

crypto regulation FCA services Revolut Suspends Crypto Services for UK Business Clients Due to New FCA Rules

London-based digital bank Revolut announced on Monday that it will be suspending the ability for Revolut Business users to purchase cryptocurrencies starting in 2024. The move comes in response to new crypto regulations enacted by the United Kingdom’s Financial Conduct Authority (FCA) to protect investors from risky crypto investments.

18.12 / 15:50

regulation Financial Services Wealth managers ESG FCA Industry warns of 'tight' implementation timeline for SDR

The new labelling regime is set to become mandatory for firms from 31 December 2024, but they can begin to use them from 31 July next year.

15.12 / 10:29

companies FCA Woodford FSCS Woodford investors urged to join lawsuit against Hargreaves Lansdown

'Now that claims against Link will likely not be possible, the RGL Group’s claim against Hargreaves Lansdown is the only route for investors to claim the full redress they are owed.'

14.12 / 14:41

regulation Financial Services ESG FCA ESG ratings FCA-convened industry group unveils code of conduct for ESG ratings and data providers

The code was set up to provider greater scrutiny and transparency within the ESG ratings and data products space, to provide markets with greater confidence in ESG data, especially considering the current efforts to achieve net zero.

12.12 / 15:19

regulation FCA Treasury Select Committee Consumer Duty end FCA to unveil 'far-reaching' disclosure reforms for investment trusts before year-end

'There is going to be more onus on disclosure and that will bring a degree of additional risk into the system, an increasing onus on stewardship of investors when they are making investment decisions.'

12.12 / 15:19

regulation FCA Odey AM Treasury Select Committee FCA closes investigation into Odey Asset Management

FCA CEO Rathi said that, should any evidence against Odey AM appear, the FCA «reserves the right to reopen' the investigation; whereas the investigation into Odey himself 'remains live'.

12.12 / 10:03

regulation Interest rates financial conduct authority FCA Platforms Customer FCA raises alarm on platforms' handling of customer cash interest

Firms have been told to make changes by 29 February 2024.

08.12 / 10:51

UK Treasury financial conduct authority FCA Alternatives treasury committee London Capital & Finance scars raise risk concerns over LTAFs among MPs

The Committee said it found the Edinburgh Reforms had so far had “limited impact of the Government’s flagship financial services reform programme”.

08.12 / 10:51

regulation Treasury financial conduct authority FCA audit regulatory National Audit Office finds 'significant delay' in FCA regulatory action

The NAO highlighted that, although the FCA had required crypto firms to comply with anti-money laundering regulations in January 2020, the regulator did not take any enforcement action against illegal crypto operators until February 2023.

07.12 / 18:41

regulation Poloniex FCA Financial UK Financial Regulator Adds Poloniex to Warning List Amid Recent $100 Million Hack: What’s Going On?

The Financial Conduct Authority has added cryptocurrency exchange Poloniex to its warning list of firms that may not be fully authorized to render trading services in the country.

07.12 / 12:45

regulation FCA Consumer Duty vulnerability fall FCA: Investment firms fall short of Consumer Duty vulnerability and data sharing requirements

The FCA has seen evidence that some companies view vulnerability as a 'low priority', whereas other have not considered it at all.

06.12 / 15:55

financial conduct authority FCA Unit trusts/OEICs Link Fund Solutions Remaining Woodford fund assets shrink 40% since last distribution revealed

The report also revealed that just six holdings of a total ten hold any value, with the remaining four companies representing no value in the fund.

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