Tag: fca
Speech by Charles Randell, Chair of the FCA and PSR, at the Centre for Commercial Law Studies, Queen Mary University of London. Speaker: Charles Randell, ChairEvent: Centre for Commercial Law Studies, Queen Mary University of LondonDelivered: 20 May 2022Note: this is the speech as drafted and may differ from the delivered version Highlights: The consumer’s […]
The FCA published an alert in relation to Obatan LLC on 22 April 2022. That alert was removed on 16 May 2022. Obatan LLC is not authorised by the FCA. The FCA does not, on the information presently available to it, believe that Obatan LLC is carrying out activities in the UK for which it […]
Home News FCA strengthens consumer protection by speeding up removal of firms that do not use their regulatory permission Businesses required to prove they are carrying out the regulated activities they are permitted to or face losing this permission Failure to take action following two warnings will lead to cancellation of regulatory permission 28 days […]
Rainbow Saver Anglia Credit Union Limited was placed into administration on 18 May 2022 and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co Limited have been appointed as joint administrators. Rainbow Saver Anglia Credit Union Limited is a financial co-operative owned by its members. It is regulated by […]
Speech by Sheldon Mills, Executive Director, Consumers and Competition, delivered at the British Insurance Brokers’ Association (BIBA) Conference. Speaker: Sheldon Mills, Executive Director, Consumers and CompetitionEvent: The British Insurance Brokers’ Association (BIBA) Conference 2022Delivered: 11 May 2022Note: this is the speech as drafted and may differ from the delivered version Highlights Brokers play a vital role in helping consumers and businesses access […]
The Financial Conduct Authority (FCA) has refused to authorise Alexander Jon Compliance Consulting Limited (AJCC) to provide regulatory hosting services. This is a service which would have allowed AJCC to take responsibility for firms carrying out regulated activities without being directly FCA approved, known as Appointed Representatives (ARs). AJCC could not demonstrate that it had […]
We have seen some recent social media posts regarding cryptoassets and non-fungible tokens (NFTs). We cannot comment on individual products. However, as we have said previously, the FCA has not been given regulatory oversight over direct investments in cryptoassets and NFTs. There are no consumer protections for those who buy any cryptoassets and NFTs, and […]
The FCA has prohibited five directors of financial advice firms from working in financial services and fined them over £1 million, after they caused significant losses to pension customers. The decisions follow an extensive 300-page judgement issued by the Upper Tribunal in which the five directors unsuccessfully challenged the FCA’s decisions. The Tribunal found Andrew […]
Home News FCA warns businesses to stop misleading credit adverts to protect consumers The Financial Conduct Authority (FCA) is warning lenders and brokers to stop using misleading terms in their advertising or face regulatory action. The increased cost of living means that more people may take out loans. Marketing that does not give clear information […]
Speech by our Chief Executive, Nikhil Rathi, delivered at the Chartered Institute for Securities & Investment (CISI) 30th anniversary dinner. Speaker: Nikhil Rathi, Chief ExecutiveEvent: CISI 30th anniversary dinnerDelivered: 5 May 2022Note: this is the speech as drafted and may differ from the delivered version Highlights We are more resilient to the economic and geopolitical disruptions of today. Digital […]
