Tag: fca
The Financial Conduct Authority (FCA) has appointed six directors as it expands its headcount to meet a growing remit and to achieve its ambitious strategy, which launched in April. The appointments announced today, which fill a mix of new and existing roles, draw on the FCA’s internal talent and external expertise. They add to the […]
Today we published a Consultation Paper (CP) on proposals aimed at improving the functioning of equity secondary markets. The changes are part of the Wholesale Markets Review (WMR), which we have been conducting with the Treasury to improve the UK’s regulation of secondary markets. The Treasury’s consultation response to the WMR said that we would […]
The Financial Conduct Authority (FCA) has decided to discontinue the listing of the standard shares of Umuthi Healthcare Solutions plc (UHS). The FCA has determined that there are special circumstances, which preclude normal, regular dealing in the shares of UHS. At this stage the FCA will not provide any further details of the circumstances which […]
On 1 July 2022 Alexander David Securities Limited (ADSL) entered creditors’ voluntary liquidation and Shane Cooks, Emma Sayers and Malcolm Cohen of BDO LLP were appointed as joint liquidators. We set out below the steps ADSL clients can take if they are concerned about any investments arranged or promoted by ADSL or its appointed representatives, […]
Home News FCA resolves High Court proceedings in relation to unauthorised deposit taking Mr Mohammed Kabir has agreed to orders to resolve proceedings brought by the Financial Conduct Authority (FCA) relating to an unauthorised deposit taking scheme operated by Bright Managment Solution Limited [sic] (Bright Management) which has avoided a trial that was due to […]
Speech by Sarah Pritchard, Executive Director, Markets, at the CityUK Annual Conference. Speaker: Sarah Pritchard, Executive Director, MarketsEvent: CityUK Annual Conference at The QEII Centre, WestminsterDelivered: 30 June 2022Note: This is a drafted speech and may differ from the delivered version Highlights Underpinning every action we take, are our three core aims: reducing and preventing […]
On 23 June 2022 the FCA imposed a number of restrictions on Colbourne & Company stopping it from carrying out any regulated activities due to concerns about the way it conducts its business. We consider that Colbourne & Company, a small IFA, has for a number of years been carrying out regulated activities outside it’s […]
We currently use six-digit Firm reference Numbers (FRNs) to uniquely identify firms, and six-digit Product Reference Numbers (PRNs) to uniquely identify funds. We’re likely to reach the six-digit limit (999999) during 2023, given the volume of applications and notifications we receive. We’re planning a move to seven-digit FRNs and PRNs for all newly registered firms […]
The Financial Conduct Authority (FCA) is using data to tackle online fraud faster by scanning approximately 100,000 websites created every day to identify those that appear to be scams. Where the FCA identifies fraudulent websites, it is proactive in requesting the website host shut them down, though it does not have the powers to force […]
Home News FCA fines Ghana International Bank Plc £5.8m for failings in its anti-money laundering controls The FCA has fined Ghana International Bank Plc (GIB) £5,829,900 for poor anti-money laundering and counter-terrorist financing controls over its correspondent banking activities. GIB provided correspondent banking services to overseas banks. This allowed them to provide products and services […]
