Tag: fca
Statements First published: 22/06/2022 Last updated: 22/06/2022 The Financial Conduct Authority will pursue a re-trial of Stuart Bayes and Jonathan Swann for insider dealing offences. This follows the Court’s decision on 25 May 2022 to discharge the jury after they were unable to reach a verdict following an eight-week trial at Southwark Crown Court. The […]
The Financial Conduct Authority (FCA) has fined JLT Specialty Limited (JLTSL) £7,881,700 for financial crime control failings, which in one instance allowed bribery of over $3m to take place. JLTSL is based in the UK and provided insurance broking, risk management and insurance claims services. It was part of JLT Group plc, which had a […]
People seeking to abuse the insider knowledge they have to make a quick buck place their fingers on the scales. As well as disadvantaging those who play by the rules, they undermine confidence in markets that are vital for companies seeking capital and investors building their savings. It is natural and legitimate therefore that people […]
The Financial Conduct Authority (“FCA”) has published a list of providers it intends to authorise when the pre-paid funeral plans industry comes under its regulation from 29 July. There are 24 firms on the list, including the largest funeral plan providers. Together these firms hold approximately 87% of existing customer plans. The FCA is still […]
Speech by our Chief Executive, Nikhil Rathi, delivered at the Dutch Authority for the Financial Markets (AFM) 20th anniversary seminar. Speaker: Nikhil Rathi, Chief ExecutiveEvent: AFM 20th anniversary seminarDelivered: 16 June 2022Note: this is the speech as drafted and may differ from the delivered version Highlights The value of consumer data has soared and we often trade privacy for expediency. […]
Speech by Clare Cole, FCA Director of Market Oversight, to The Regulation of Listed Companies Summit Speaker: Clare Cole, Director of Market OversightEvent: The Regulation of Listed Companies Summit, Hallam Conference Centre, LondonDelivered: 16 June 2022Note: this is the speech as drafted and may differ from the delivered version Highlights The success associated with being […]
The Financial Conduct Authority (FCA) is today writing to more than 3,500 lenders to remind them of the standards they should meet as consumers across the country are affected by the rising cost of living. With household bills expected to continue to rise into the autumn, it is important that firms act now to make […]
On 6 October 2020, the FCA published a Warning against BubbleXT, a firm we believe may be providing financial services or products in the UK without our authorisation. The FCA has become aware that consumers are still being targeted by scammers who have set up ‘recovery rooms‘ with promises of returning their funds for a […]
Banks and building societies will need to assess the impact of changes to their services, for example shorter branch opening times, under updated guidance proposed by the Financial Conduct Authority (FCA). The FCA is also consulting on requirements for more detailed analysis on how firms assess the impact on customers when they plan to close […]
Speech by Jessica Rusu, FCA Chief Data, Information and Intelligence Officer, at Money20/20 Amsterdam. Speaker: Jessica Rusu, Chief Data, Information and Intelligence OfficerEvent: Money 2020 AmsterdamDelivered: 8 June 2022Note: this is a drafted speech and may differ from the delivered version Highlights Can a regulator be innovative? Can regulation be written differently? And can the financial […]
