Tag: fca

TFS Loans Ltd (in administration) has been fined £811,900 by the Financial Conduct Authority (FCA) in relation to deficient affordability checks on 3,150 guarantors in its consumer credit business. The FCA has also imposed a requirement on TFS to redress the guarantors that were harmed by the firm not conducting appropriate checks. TFS offered guarantor […]

Secondary Markets Advisory Committee members: Alex Skrine (Director of Electronic Trading at Winterflood Securities) Christopher Murphy (Co-founder & CEO at Ediphy Group) Daniel Mayston (Managing Director, EMEA Head of Electronic Trading and Market Structure at Blackrock) David Furlong (CEO at Virtu Financial Ireland) Edward Wicks (Global Head of Trading at L&G Investment Management) Elisa Menardo […]

Speech by Sheldon Mills, Executive Director, Consumers and Competition, delivered at Financial Inclusion Virtual Summit 2022 Speaker: Sheldon Mills, Executive Director, Consumers and CompetitionEvent: Financial Inclusion Virtual Summit 2022Delivered: 31 May 2022Note: this is the speech as drafted and may differ from the delivered version Highlights Rising costs are impacting consumers and business and could create new challenges for financial […]

Richard Lloyd OBE has become Interim Chair of the Financial Conduct Authority, as previously announced on 4 February 2022. He takes over from Charles Randell CBE, who stood down yesterday after four years as Chair.   Richard will act as Chair until HM Treasury appoints a permanent successor. A recruitment process is underway. Notes to […]

Home News Consumer warning on Unique Funeral Plans and Empathy Funeral Plans We strongly advise that you do not buy a plan from these firms. We have been clear for some time that people should avoid buying new plans from funeral plan providers that have not applied for authorisation or had their application withdrawn or […]

The Consumer and Smaller Business Practitioner Panels are independent, statutory panels representing the interests of consumers and those who work in small or medium-sized financial services companies. Their role is to advise and challenge the FCA as it develops policy and its regulatory approach.  Helen and Andy will take up their roles on 1 June […]

The FCA has today set out an ambitious vision for potential reform to the way companies list in the UK that aims to attract more high quality, growth companies and give investors greater opportunities. In a paper published today, the FCA is continuing its discussion on how it can make the listing regime, the rules […]

Having been unable to reach a verdict in a trial at Southwark Crown Court brought by the Financial Conduct Authority (FCA), the jury was discharged. The FCA will now consider whether to seek a re-trial of Stuart Bayes and Jonathan Swann for insider dealing. Notes to editors Stuart Bayes’ date of birth is 11 January […]

The High Court today approved Amigo Loans Limited scheme of arrangement (the scheme) to provide redress to customers who are due it for being mis-sold loans and who raise a complaint. The court-approved scheme is an improvement on last year’s failed proposal and has the support of the Independent Creditors Committee, which was set up […]

The FCA, jointly with the Bank of England, and with the endorsement of the Treasury, has today published a Discussion Paper on Money Market Fund (MMFs) reform. This seeks views to inform the development of MMF reform proposals. The FCA has also published guidance on the UK MMF Regulation. MMFs are a type of open-ended […]