FCA Financial News
06.12 / 12:17
Government
regulation
Financial Services
Wealth managers
financial conduct authority
FCA
Asset Managers
money market
FCA sets out proposals to increase liquidity requirements for money market funds
In the consultation, the FCA said it would be significantly increasing the minimum proportion of highly liquid assets that MMFs have to hold.
06.12 / 09:21
30.11 / 17:11
regulation
financial conduct authority
FCA
Harcus Parker accuses FCA of 'inaccurate summary' regarding potential third party Woodford claims
Harcus Parker senior partner Damon Parker acknowledged that investors will theoretically be able to file claims against third parties involved in the collapse of the former WEIF but argued it will be “impossible” to do so in practice.
30.11 / 09:43
regulation
companies
Financial Services
Wealth managers
financial conduct authority
FCA
PRA
Allfunds
authorisation
regulatory
Allfunds receives UK regulatory authorisation
The move has been made in anticipation of the end of the Temporary Permissions Regime for UK branches of European Economic Area-regulated firms.
29.11 / 12:20
regulation
companies
FCA
Odey AM
Odey Asset Management
Odey
Brook Asset Management
authorisation
Odey AM applies to cancel FCA authorisation
Odey AM has been authorised to conduct regulated activities by the FCA since November 2002.
28.11 / 19:55
property
FCA
REITS
open
LGIM mulls increased REIT exposure in potential hybrid solution to open-ended property question
In light of the current FCA consultation on funds investing in UK property, the firm said L&G PAIF and its feeder fund will remain open to investors.
28.11 / 19:55
regulation
Financial Services
ESG
FCA
Asset Managers
SDR
FCA 'closes loopholes' with introduction of fourth label under SDR but further clarification needed
The rules provide a degree of flexibility for asset managers, which means 'firms will need to make their own judgements about labels, disclosures and data, and anticipate end-consumer outcomes – all of which come with their own challenges'.
28.11 / 14:19
regulation
Financial Services
financial conduct authority
ESG
FCA
Asset Managers
greenwashing
strategies
FCA unveils final SDR rules including fourth 'Mixed Goals' label for 'blended strategies'
Following feedback, the FCA has also removed the word 'sustainable' from the labels and replaced it with 'sustainability', to reflect how some funds are 'on a journey to becoming sustainable'.
24.11 / 14:05
industry
FCA
Woodford
FSCS
Harcus Parker urges Woodford investors to vote against 'bad deal'
'It is our view that the information supplied by Link and the Financial Conduct Authority has not been written in a way that easily reveals its meaning.'
24.11 / 14:05
Technology
FCA
tokenisation
UK funds given approval to begin tokenisation efforts
Funds can now implement a baseline approach to tokenisation, providing they meet certain characteristics, such as comprising of mainstream investment assets and still providing valuations and settlement through the same processes and timeframes.
23.11 / 08:39
industry
FCA
Woodford
saga
Hundreds of investors call for probe into FCA's handling of Woodford saga - reports
Blackman accused the regulator of understating investor losses, misrepresenting the value of the redress scheme, acting inappropriately by endorsing the scheme and failing investors by not publishing its investigation into the fund and its former manager.
22.11 / 19:31
regulation
UK
Treasury
financial conduct authority
FCA
Autumn Statement 23
Powers proposed for FCA to implement UK retail disclosure framework
The initial draft was published earlier in July, but this updated covers the 'near final version' of the rules, although the Treasury will continue to seek 'technical comments' until 10 January 2024. | Credit: iStock
22.11 / 16:29
regulation
Financial Services
Wealth managers
financial conduct authority
FCA
Asset Managers
Draft regulations offer FCA powers to restrict short selling in 'exceptional circumstances'
The regulator must post a notice explaining why the measure has been taken, a duration of impact and regularly review the prohibition or restriction.
21.11 / 14:57
regulation
fees
cryptoassets
Financial Services
FCA
FCA eyes split fee-blocks for principal firms
The proposal could lead to reduced or increased fees, as a result, depending on the business.
16.11 / 14:23
regulation
financial conduct authority
ESG
FCA
ESG Trends
FCA: Firms have 'further to go' to meet upcoming ESG labelling regulation
The regulator determined that while most fund management firms had made “efforts to comply” with its expectations around the design, delivery, and disclosure of their ESG and sustainable funds “further improvement is needed”.
06.11 / 19:21
Stablecoin
Bank of England
UK FCA
FCA
Bank of England and UK’s FCA Propose Plans to Regulate Stablecoins
The UK’s central bank and the financial regulator have both proposed plans to regulate stablecoins in discussion papers, published Monday.
06.11 / 16:03
IPO
companies
Fidelity Investments
jp morgan
Barclays
FCA
Jupiter
Investors accuse CAB Payments of limited risk disclosure in IPO prospectus
CAB’s IPO was London’s biggest this year, with a valuation of £851m, raising £335m from investors.
06.11 / 16:03
Technology
Stablecoin
regulation
Bank of England
FCA
Bank of England and FCA outline plans to regulate stablecoins into mainstream
In the paper, the BoE said that lenders will be pushed to make it clear to customers that stablecoins are not standard deposits, which are guaranteed against bank failures.
03.11 / 08:55
regulation
marketing
cryptoassets
Financial Services
FCA
guidance
FCA issues guidance for crypto marketing
The guidance sets out how authorised firms communicating or approving crypto financial promotions should apply Consumer Duty principles to their marketing.
01.11 / 19:17
PayPal
FCA
License
services
PayPal Receives UK’s FCA Approval to Offer Crypto Services to UK Nationals
Payments giant PayPal has become the latest to secure a cryptoasset registration from the UK’s Financial Conduct Authority (FCA).
30.10 / 13:37
Blockchain
Stablecoin
UK
FCA
UK Government Rolls Out Final Proposals for Stablecoin Regulation
The United Kingdom has released proposals for a stablecoin framework alongside wider industry regulations in a bid to position the country as an investment destination and to protect users.
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