Tag: fca

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 their customers’ income and occupation. In some instances, challenger banks did not have financial crime risk assessments in place for their customers. The review, conducted over 2021, identified a rise […]

QPay Europe Limited, which claims to be a fintech start up offering due diligence and underwriting services, has consented to a court order to give up £2,000,000 held in its name following proceedings brought by the Financial Conduct Authority (FCA) under the Proceeds of Crime Act in the Westminster Magistrates’ Court. The money was initially […]

The Financial Conduct Authority (FCA) has stopped David Stock & Co Limited (DS&C), a firm that advised on transfers from the British Steel Pension Scheme (BSPS), disposing of assets without FCA permission. In March 2022, the FCA launched a consultation on a redress scheme for former members of BSPS. The FCA wrote to firms who […]

Home News Corrie Bauckham Batts Limited enters liquidation On 20 April 2022, Corrie Bauckham Batts Limited entered liquidation. John Dean Cullen and Rachel Helen Lai of Menzies LLP were appointed as joint liquidators of Corrie Bauckham Batts Limited.  Corrie Bauckham Batts Limited is an FCA authorised and regulated Lloyd’s wholesale insurance broker. The firm placed […]

Home News FCA finalises proposals to boost disclosure of diversity on listed company boards and executive committees The FCA has finalised rules requiring listed companies to report information and disclose against targets on the representation of women and ethnic minorities on their boards and executive management, making it easier for investors to see the diversity […]

Current and former employees of P&O are urged not to make any quick decisions about their pension following recent media reports. The Financial Conduct Authority (FCA), the Pensions Regulator (TPR) and the Money and Pensions Service (MaPS) are raising their concerns given the heightened risk of pension transfers following recent redundancies. The FCA and TPR […]

Ahead of the hearings on 23 and 24 May regarding Amigo Loans’ proposed Scheme of Arrangement (the Scheme), we have written to the firm to confirm that we do not intend to attend the hearings to oppose its proposals. The purpose of the Scheme is to deal with the firm’s redress liabilities. The firm’s Scheme […]

We have removed permissions from Semantic Business Services Ltd. That means it is no longer permitted to carry out any regulated activities. Semantic had two regulated activities: Secondary credit broking and Agreeing to carry on a regulated activity. Any investments with Semantic may not be protected, and you could lose all your money if you invest with […]

Home News FCA launches three-year strategy to improve outcomes Resources focused on outcomes to prevent serious harm, set higher standards and promote competition 80 new roles created to shut down problem firms  The FCA has launched a new strategy to improve outcomes for consumers and in markets throughout the UK. As the FCA’s remit is broad […]

The FCA has appointed 2 new Directors of Authorisations as it successfully fills 95 new authorisation roles. A new Finance Director will also join the regulator this spring.  Laura Dawes will take up 1 of 2 new Director of Authorisations roles. Laura is currently interim Director of Strategy, Policy, International and Intelligence in the FCA’s […]