Category: FCA Updates

Topic:  The FCA’s Consumer Duty will lead to a major shift in financial services Date:  27/07/2022 Overview: The Financial Conduct Authority (FCA) has confirmed its plans to bring in a new Consumer Duty, which will fundamentally improve how firms serve...

Topic: Restrictions placed on Colbourne & Company Date:  24/06/2022 Overview: On 23 June 2022 the FCA imposed a number of restrictions on Colbourne & Company stopping it from carrying out any regulated activities due to concerns about the way it...

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...

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...

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...

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...

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...

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,...

Topic: FCA acts to help investors make more informed ESG investment decisions Date:  03/11/2021 Overview:  The FCA is committed to helping investors put environmental, social and governance (ESG) matters at the heart of their investment decisions. Findings from the Financial...

Topic: Investment Firms Prudential Regime final rules published Date:  22/10/21 Overview:  The FCA have today made final rules to streamline and simplify prudential requirements for solo-regulated UK firms authorised under the Markets in Financial Instruments Directive (MiFID). This is part...