Tag: fca
Gloucestershire Credit Union Limited was placed into administration on 14 September 2022 and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co Limited have been appointed as joint administrators. Gloucestershire Credit Union Limited is a financial co-operative owned by its members. It is regulated as a deposit taker by […]
Home News FCA decides to impose conditions on takeover of Link Group Following announcements made on Monday 12 September by Link Group to the Australian Securities Exchange and Dye and Durham (D&D) to the Toronto Stock Exchange, the Financial Conduct Authority is providing a short update on its involvement in the proposed takeover of the […]
Speech by Sarah Pritchard, Executive Director, Markets, at the Financial Crime Summit – 1LOD. Speaker: Sarah Pritchard, Executive Director, MarketsEvent: The Financial Crime Summit – 1LOD, County Hall, London Date: 7 September 2022Note: This is a drafted speech and may differ from the delivered version Key points Working together with firms and agencies to share intelligence and quickly respond to […]
Rowanmoor Personal Pensions Limited (RPPL), is a Self-Invested Personal Pension (SIPP) operator authorised and regulated by the FCA. RPPL operates approximately 4,800 pensions, with assets under administration of £1.4bn. On 31 August 2022, RPPL’s directors appointed Adam Stephens and Chris Allen of Evelyn Partners LLP (Evelyn Partners) (formerly Smith & Williamson LLP) as joint administrators […]
The PRA and FCA (together, the ‘Authorities’) joint investigations into certain former senior managers at HBOS plc have now concluded with a decision by each of the Authorities’ independent decision-makers to take no further action. The investigations, which began in 2016, were in response to Andrew Green QC’s November 2015 report into the reasonableness of […]
The Financial Conduct Authority (FCA) is establishing a new advisory committee to the FCA’s Board to work on Environmental, Social and Governance (ESG) issues, and is looking for expressions of interest from stakeholders to join. Earlier this year the FCA Board decided to establish a brand new ESG Advisory Committee to help execute its ESG-related […]
New emergency asset retention rules now apply to 101 firms who provided pension transfer advice to former British Steel Pension Scheme (BSPS) members, 26 of these firms are subject to an asset restriction. We announced emergency rules on 25 April 2022 to prevent firms who advised BSPS members to transfer their benefits out of […]
The FCA has today responded to complaints from people who complained to the FCA after losing money when Premier FX (PFX), a payment services firm, authorised for money remittance, collapsed in 2018. Following an independent internal assessment of each complaint, the FCA has upheld or partially upheld 5 out of 31 allegations. The upheld or […]
The Financial Conduct Authority (FCA) has fined Citigroup Global Markets Limited (Citigroup Global Markets) £12,553,800 for failing to properly implement the Market Abuse Regulation (MAR) trade surveillance requirements relating to the detection of market abuse. By failing to properly implement the MAR trade surveillance requirements, Citigroup Global Markets could not effectively monitor its trading activities […]
The Financial Conduct Authority (FCA) has called on victims of Richard Faithfull to come forward by 12 September 2022 in order to ensure they be part of any claim for compensation. On Thursday 9 September 2021 Richard Faithfull was found guilty of money laundering, contrary to s.327 Proceeds of Crime Act 2002 as part of […]
