FCA Regulatory Updates – February 2022
Topic: FCA stops AJH Financial Services Limited disposing of assets without permission Date: 14/02/2022 Overview: The Financial Conduct Authority (FCA) has stopped AJH Financial Services Limited, a firm that advised on transfers from the British Steel Pension Scheme (BSPS), disposing...
FCA Enforcement – February 2022
Subject of Enforcement: Barclays Bank PLC Date of Notice: 28th February 2022 Overview: The Financial Conduct Authority has fined Barclays Bank Plc (Barclays) £783,800 for oversight failings in its relationship with collapsed payments firm Premier FX. Barclays was Premier FX’s...
FCA Enforcement – January 2022
Subject of Enforcement: Morgan Ingram Associates Limited (formerly SeedTribe Limited) Date of Notice: 28th/ 01/2022 Overview: The FCA instructed that the Firm must terminate its relationships with the following Appointed Representatives (“ARs”) under their respective AR agreements by 17:00 on 6...
FCA Regulatory Updates – January 2022
Topic: FCA to strengthen financial promotions rules to protect consumers. Date: 19/01/2022 Overview: The FCA is acting to address concerns about the ease and speed with which people can make high-risk investments by proposing a significant strengthening of its rules...
Strengthening of Appointed Representative Regime
The FCA has launched a consultation on improving the appointed representatives regime and tackling harm from this model. An appointed representative (AR) is a firm or person who carries on a regulated activity on behalf, and under the responsibility of,...
FCA Updates – December 2021
Topic: Highlights of the FCA’s new approach in 2021 Date: 31/12/2021 Overview: The Financial Conduct Authority’s (FCA) has provided a press release reflecting on their activities in 2021. They reiterated their mission statement which is to protect consumers from harm,...
FCA enforcement – December 2021
Topic: Craig Whyte appears at court for failing to provide key passwords for seized devices Subject of Enforcement: Craig Whyte Date of Notice: 22/12/2021. Overview: Craig Whyte appears at court for failing to provide key passwords for seized devices In a...