FCA Regulatory Updates May 2022
Topic: FCA strengthens consumer protection by speeding up the removal of firms that do not use their regulatory permission. Date: 19/05/2022 Overview: In line with its ‘use it or lose it’ initiative, the FCA has obtained new powers to expedite...
FCA strengthens consumer protection by speeding up removal of firms that do not use their regulatory permission.
Date: 31/05/2022 Overview: In line with its ‘use it or lose it’ initiative, the FCA has obtained new powers to expedite the process of cancelling or changing what regulated firms are permitted to do; these are known as permissions. In...
FCA introduces new charge for Form A applications under SM&CR
FCA introduces new charge for Form A applications under SM&CR The FCA will now charge £250 for the submissions of standalone Long Form A applications for both Senior Manager Functions and Controlled Functions for Appointed Representatives. With effect from 27th...
Brooklands launches new AML compliance business line
Brooklands Fund Management Limited (“Brooklands”) informs that it has launched a new business line; providing Client’s support in relation to their AML infrastructure. Brooklands whose speciality lies in operational and regulatory compliance has extended its services to provide a robust...
FCA Regulatory Updates – April 2022
Topic: FCA review finds weaknesses in some challenger banks’ financial crime controls Date: 22/04/2022 Overview: A review by the FCA has found that challenger banks need to improve how they assess financial crime risk, with some failing to adequately check...
FCA Enforcement – April 2022
Subject of Enforcement: Alexander David Securities Limited Date of Notice: 29/04/2022 Overview: FCA stops Alexander David Securities Limited disposing of assets without permission The FCA has imposed requirements on corporate advisory firm, Alexander David Securities Limited (ADSL), which means it...
FCA Enforcement – March 2022
Subject of Enforcement: Former Redcentric CFO sentenced to five and a half years imprisonment Date of Notice: 03/03/22 Overview: Former Redcentric Plc CFO, Tim Coleman, was sentenced to five and a half years imprisonment and disqualified from being a director...
FCA Regulatory Updates – March 2022
Topic: FCA taking assertive action to tackle harm in the consumer investments market Date: 03/03/2022 Overview: The Financial Conduct Authority (FCA) is taking assertive action to tackle harm in the consumer investments market, as data published today shows it has...