Tag: fca
Following news of the death of Lord Myners, Nikhil Rathi, Chief Executive of the FCA, issued the following statement on the organisation’s behalf: ‘I am saddened to hear about the death of Lord Myners. I had the privilege to work closely with Paul during the financial crisis and saw at first hand his ability to […]
We are putting in place temporary measures for the reporting of the short selling indicator in transaction reports while we consider changes to the UK transaction reporting regime. Transaction reports submitted to the FCA under UK MiFIR must contain a designation to identify a short sale. This information is contained in the short selling indicator […]
The FCA will launch 2 market studies and gather further information to investigate access to wholesale data. In response to a call for input, the FCA heard concerns that limited competition in the markets for benchmarks and indices, credit ratings and trading data may increase costs for investors and affect investment choices. In a market […]
The Financial Conduct Authority (FCA) announces that it has completed its assessment of applications received from European DataWarehouse Ltd and SecRep Limited as Securitisation Repositories (SRs) under the UK Securitisation Regulation and has decided to register both entities with effect from 17 January 2022. The obligation to report public securitisations within the scope of the […]
The FCA has commenced criminal proceedings against the 2 former directors of Collateral (UK) Ltd (Collateral), Peter Currie and Andrew Currie, who each face 2 charges under the Fraud Act 2006 and 1 charge under the Proceeds of Crime Act 2002. The FCA alleges that the Curries, who are brothers, dishonestly represented to investors that […]
On 31 December 2021 Ounapuu Ltd, formerly trading as Ferratum UK, was placed into a Creditors’ Voluntary Liquidation. Paul Boyle, David Clements and Anthony Murphy of Harrisons Business Recovery & Insolvency (London) Limited were appointed as Joint Liquidators. The firm’s name was changed from Ferratum UK Limited to Ounapuu Ltd on 4 November 2021. Ounapuu […]
The FCA bans Cypriot Firms that used to fake celebrity endorsements on social media as part of their marketing. The firms are the following: Hoch Capital Ltd (trading as iTrader and tradeATF), Magnum FX (Cyprus) Ltd (trading as ET Finance), Rodeler Ltd (trading as 24option) F1Markets Ltd (trading as Investous, StrattonMarkets and Europrime) The FCA […]
Robinhood enters the United Kingdom, after raising $323 million last month, the company—now valued at $7.6 billion—announced Wednesday (Aug. 7) it received regulatory approval to operate as a broker in the United Kingdom. Robinhood haven’t share more information in regards to its launch in the UK but its authorisation by the FCA makes it clear tha the company is […]
FCA has just confirmed that all companies acting in or from the United Kingdom are prohibited from selling, marketing or distributing binary options to retail consumers. The FCA’s rules are in substance the same as the European Securities and Markets Authority’s (ESMA) existing, EU-wide temporary restrictions on binary options. However, the FCA is also applying […]
