Tag: fca
Since Amigo Loans’ last proposed Scheme of Arrangement was rejected by the High Court, the FCA has continued to engage with the firm and seek to get a better, fairer deal for Amigo’s customers due redress. Ahead of the convening hearing on 8 March of Amigo Loans’ proposed Scheme of Arrangement, we have written to […]
On 3 March 2022, the Court appointed David Philip Soden, Ian Colin Wormleighton and Stephen Browne, all of Teneo, as Joint Special Administrators of Sova Capital Limited, following an application by the Directors. What does Sova Capital Limited do? Sova Capital Limited is an FCA authorised and regulated wholesale broker. The firm provided trading and […]
Russia’s invasion of Ukraine is having a significant impact on financial markets. Both the events themselves, and the wide range of financial sanctions imposed in response on Russia, Russian individuals and Russian business by numerous jurisdictions worldwide will have multiple impacts on companies with securities admitted to UK markets. During this period, issuers of securities […]
Today, former Redcentric Plc CFO, Tim Coleman, was sentenced to five and a half years’ imprisonment and disqualified from being a director for ten years having been found guilty of two offences of making false and misleading statements to the market, and three offences of false accounting. Redcentric, an IT service provider and AIM-listed company, […]
Speech by Edwin Schooling Latter, Director of Markets and Wholesale Policy and Wholesale Supervision at the FCA, delivered at Rosenblatt’s European Market Structure conference on 3 March 2022. Speaker: Edwin Schooling Latter, Director of Markets and Wholesale Policy and Wholesale Supervision Location: Rosenblatt European Market Structure ConferenceDelivered on: 3 March 2022Note: this is the speech as drafted and may […]
The Financial Conduct Authority (FCA) is taking assertive action to tackle harm in the consumer investments market, as data published today shows it has stopped 1 in 4 firms from entering this market. The FCA is also urging consumers to be InvestSmart and ScamSmart, following an increase in the number of scams being reported to […]
The Financial Conduct Authority (FCA) has today set out a new employment offer designed to reward strong, consistent performance, aid career development and close pay gaps. This follows an extensive, wide-ranging and comprehensive consultation with all FCA colleagues and the FCA’s Staff Consultative Committee. The changes, including updates to the proposals consulted upon, will mean […]
The Financial Conduct Authority (FCA) is establishing a new advisory committee on secondary markets and is looking for expressions of interest from market participants to join. The purpose of the Committee is to support our wholesale secondary markets work in equities, derivatives, fixed income and commodity derivatives. The Committee’s task will be to: help develop […]
From today, new restrictions will apply to claims management companies (CMCs) to prevent them from charging excessive fees to consumers owed compensation from financial services firms. Under new Financial Conduct Authority (FCA) rules in force from today, the maximum consumers can be charged will depend on how much redress they are due. For example, if […]
The Financial Conduct Authority (FCA) is recruiting around 200 new roles as part of its Transformation programme. The regulator has recently recruited 95 colleagues in new positions in Authorisations, which manages applications from financial services providers, investment firms and consumer credit firms to be authorised or registered by the FCA. The FCA has also committed […]
