Financial conduct authority Financial News

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'.

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.

22.11 / 15:31

UK financial conduct authority Investment trusts Chancellor Jeremy Hunt Autumn Statement 23 Autumn Statement 23: FCA mulls 'interim solutions' to address investment trust cost disclosure concerns

The FCA is considering “interim solutions” to mitigate the impacts on the investment company sector in the short term, as the government “acts to implement a long-term legislative solution to the issue”.

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”.

16.11 / 14:23

regulation financial conduct authority Investment Association Diversity treasury committee services Financial Financial services industry bodies call for greater clarity on FCA D&I proposals

Representatives from the Investment Association, UK Finance, the Alternative Investment Management Association and the Association of British Insurers said the regulator's D&I proposals had been welcomed by members | Credit: iStock

13.11 / 09:33

financial conduct authority Investment trusts House of Lords Bill to overhaul investment trust cost disclosure rules to be debated in parliament

If the bill’s passage through the House and Lords and House of Commons is successful, investment companies will no longer be classified as AIFs and their costs will be removed from data feeds.

09.11 / 12:19

UBS companies Interest rates financial conduct authority Vanguard Consumer Duty risks drive Hargreaves Lansdown and AJ Bell 'Sell' rating from UBS

UBS said HL's premium pricing looks 'increasingly unjustified' when compared to similar product ranges, quality and customer service at lower cost competitors.

08.11 / 16:23

regulation fees companies risk Wealth managers financial conduct authority Consumer Duty FCA takes aim at wealth managers over high-risk and high-fee products

'We continue to see firms charging for services which are not delivered, overtrading on portfolios to generate high transaction fees and providing a product or service which does not align with the needs of consumers.'

08.11 / 12:00

regulation Treasury financial conduct authority ESG ESG ratings 2024 regulatory UK to outline regulatory rules for ESG ratings industry as early as January 2024

A Financial Conduct Authority spokesperson told Investment Week: 'We continue to work with government on their consultation for a regulatory regime for ESG ratings providers.' Simon Dawson / No 10 Downing Street

08.11 / 12:00

companies financial conduct authority Unit trusts/OEICs Link Fund Solutions Marlborough Group gets £5.5bn ACD mandate from Evenlode

The trio of strategies, with more than £5.5bn in assets under management, comprises the Evenlode Income, Evenlode Global Income and Evenlode Global Equity.

01.11 / 14:15

acquisitions companies financial conduct authority Premier Miton Premier Miton to acquire Tellworth Investments

Founded in 2017 by Paul Marriage and John Warren, Tellworth offers long/short and long only strategies to wholesale and institutional clients.

31.10 / 21:23

Bitfinex financial conduct authority UK FCA Warning services Financial Bitfinex Lands on UK Financial Watchdog’s Warning List for Unauthorized Promotion of Financial Services

The Financial Conduct Authority (FCA) in the UK has raised concerns about Bitfinex, a cryptocurrency exchange, that it may be promoting financial services or products without the FCA’s permission.

31.10 / 09:41

NFT cryptoassets Treasury financial conduct authority Treasury finalises plans to regulate crypto industry

The Treasury also declined to regulate decentralised finance (DeFi) in this phase of regulation, saying it would be 'premature and ineffective'.

27.10 / 08:31

regulation UK financial conduct authority NatWest Coutts regulatory FCA continues review into NatWest after 'potential regulatory breaches' identified over Coutts incident

The report found Coutts failed to pay due regard to the interests of Farage and 'failed to treat him fairly', which 'might also amount to a regulatory breach, but is a matter for the relevant regulator to decide'.

23.10 / 19:29

regulation companies financial conduct authority Asset Managers Vanguard UCITS Vanguard accused of breaching UK asset concentration limits - reports

The group’s £40bn LifeStrategy range seems to have breached the Financial Conduct Authority’s asset concentration limits, which allow UCITS funds to own up to 25% of the units of another vehicle that is registered as a collective investment scheme.

23.10 / 11:17

regulation Financial Services Wealth managers financial conduct authority FCA Asset Managers Fund managers Registration to vote on Link Fund Solutions' Woodford scheme of arrangement opens

The result of the vote will be announced no later than 5pm on 15 December 2023, according to LFS.

17.10 / 08:13

regulation Financial Services Wealth managers financial conduct authority London Stock Exchange Mansion House Stock exchanges FCA's Rathi pushes for radical overhaul of stock exchange rules

The proposed rules come following the new secondary objective of the FCA “to support international competitiveness and growth over the medium to long term”.

13.10 / 08:11

regulation fees companies Financial Services Wealth managers financial conduct authority Consumer Duty reform place regulatory St James's Place under regulatory scrutiny to reform fee structure - reports

A former employee said regulators have been pressuring SJP for almost a decade to overhaul its fee structure.

12.10 / 15:41

regulation UK Financial Services Asset management Wealth managers Treasury financial conduct authority FCA to consult on amending regimes for alternative fund managers and retail funds

There was also feedback on whether non-UCITS funds might be rebranded to help rationalise the regime, and if so, how best to do this.

09.10 / 19:45

UK financial conduct authority FCA Warning UK's FCA Adds 143 Crypto Exchanges, Including Huobi-owned HTX and KuCoin, to Warning List

In a recent move, the Financial Conduct Authority (FCA), the United Kingdom's financial markets regulator, has expanded its warning list to include major cryptocurrency exchanges, categorizing them as "non-authorized firms" that citizens "should avoid."

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