Financial conduct authority Financial News

14.02 / 15:13

regulation cryptoassets financial conduct authority FCA financial promotions Financial FCA: More than 10,000 'misleading' financial ads withdrawn in 2023

The regulator has previously highlighted its concern at the rise of influencers, also known as ‘finfluencers', leveraging social media platforms to promote financial products.

28.03 / 10:13

Advertising UK financial conduct authority UK Watchdog Clarifies Rules for Memes and Finfluencers in Social Media Promotions

The UK’s Financial Conduct Authority (FCA) on Tuesday issued new guidelines for financial services promotions on social media. These apply to formats like memes, reels, and gaming streams, highlighting the need for fairness and avoiding any misleading information.

26.02 / 05:33

Crypto Trading UK financial conduct authority Brokerage Oanda to Launch Crypto Trading in the UK: Report

Brokerage firm OANDA is launching crypto trading in the UK and will be based in London, and the new business will be dubbed, “OANDA Crypto,” according to a CoinDesk report by Ian Allison.

14.02 / 09:49

regulation financial conduct authority FCA Former London Capital & Finance director handed £31,800 fine

The FCA said Huisamen also allowed promotions that gave a misleading impression that the mini-bonds were regulated.

22.01 / 13:27

regulation UBS Jefferies companies financial conduct authority AJ Bell record high Jefferies lifts AJ Bell valuation after assets hit record high

Jefferies’ investment thesis for the company lies on the exposure of the platform to the large UK advisor market and to the smaller, but higher-margin, D2C market.

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.

11.01 / 05:41

financial conduct authority Spot Crypto ETFs approved US Spot Bitcoin ETF Approved, UK Unlikely to Follow Suit

It’s a historic moment for the cryptocurrency market as the US Securities and Exchange Commission (SEC) finally approved eleven spot Bitcoin ETFs . Crypto enthusiasts around the world are looking on excitedly. Unfortunately, a similar product for UK investors is highly unlikely to be approved, according to one financial advisor.

02.01 / 12:04

regulation Fraud fines financial conduct authority FCA doubles cancellations of non-compliant firms

Enforcement investigations conducted during the year have resulted in fines totalling £52,802,900.

21.12 / 12:21

financial conduct authority Odey Asset Management Investment Association Diversity treasury committee IA's Karis Stander: Industry has to 'drive forward' on diversity in wake of Crispin Odey scandal

Karis Stander (pictured), director of the culture, talent and inclusion team at the Investment Association.

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

financial conduct authority Wealth Management Quilter Consumer Duty MPs Profiles Defaqto unveils Consumer Duty profiles for top 20 model portfolios

The profiles, now available in Defaqto’s Engage and Centra software tools, are designed to help financial advisers meet their regulatory needs as part of the Financial Conduct Authority’s Consumer Duty.

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 / 15:59

regulation kpmg Treasury financial conduct authority Consumer Duty FCA plans 'new form of simplified advice' in extensive review

The FCA noted that the proposals were high-level at this stage, not definitive and reflected early thinking. The regulator said they would evolve based on stakeholder feedback and further engagement.

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.

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.

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.

01.12 / 08:11

Wealth managers financial conduct authority Alternatives private markets St James's Place SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets

Justin Onuekwusi (pictured) took on his role as CIO of the FTSE 100 firm at the start of October.

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 / 13:37

companies financial conduct authority London Stock Exchange Metro Bank Metro Bank to axe 20% of staff as part of cost-cutting drive

A £10-15m one-off restructuring charge is expected in 2023, which is lower than previously anticipated, the firm added.

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.

what you should know about financial conduct authority

What is financial conduct authority and why is it relevant?

Financial conduct authority is a high-demand area that interests a wide audience. On our site, we regularly publish articles related to this subject.

Where can I find the latest updates on financial conduct authority?

All recent news about financial conduct authority can be found in the highlighted block. We publish information as it becomes available.

How can I verify the accuracy of information on financial conduct authority?

We consult with professionals to ensure that the information about financial conduct authority is well-supported and informative for our readers.