News
Home News Statement on supervision of commodity derivatives position limits Statements First published: 20/12/2021 Last updated: 20/12/2021 In December 2020, we published a Supervisory Statement setting out our approach to operating the MiFID markets regime after the end of the EU withdrawal transition period. This approach included a change to our supervisory and enforcement actions for commodity derivative position limits in the light of evidence […]
The FCA has fined HSBC Bank plc (HSBC) £63,946,800 for failings in its anti-money laundering processes. HSBC used automated processes to monitor hundreds of millions of transactions a month to identify possible financial crime. However, the FCA found that three key parts of HSBC’s transaction monitoring systems showed serious weaknesses over a period of eight […]
Home News FCA’s new rules on climate-related disclosures to help investors, clients and consumers News stories First published: 17/12/2021 Last updated: 17/12/2021 The FCA has published two Policy Statements confirming final rules and guidance to promote better climate-related financial disclosures. Better corporate disclosures will help inform market pricing and support business, risk and capital allocation […]
The Financial Conduct Authority (FCA) has fined GAM International Management Limited £9.1m and Timothy Haywood £230,037 for conflicts of interest and gifts & entertainment matters. Both the Firm and Mr Haywood agreed to resolve all issue of fact and liability and so they qualified for a 30% discount. The financial penalties would have been £13m […]
The FCA has issued a Decision Notice to Finablr plc refusing the company’s application for cancellation of its premium listing with reference to LR 5.2.7R. This rule allows for cancellation without a shareholder vote if certain conditions are met. Premium-listed issuers ordinarily require shareholder approval (according to LR 5.2.5R) to cancel the listing of its […]
The forex market is the biggest financial market worldwide, with trillions being traded every day. In seconds you can trade any currencies of your choice and with hundreds of currency pairs to pick from, you will have no difficulty in finding ones that interests you. While forex trading appears to offer enormous financial rewards, it […]