Tag: Press Releases
Home News FCA finalises proposals to boost disclosure of diversity on listed company boards and executive committees The FCA has finalised rules requiring listed companies to report information and disclose against targets on the representation of women and ethnic minorities on their boards and executive management, making it easier for investors to see the diversity […]
Home News FCA launches three-year strategy to improve outcomes Resources focused on outcomes to prevent serious harm, set higher standards and promote competition 80 new roles created to shut down problem firms The FCA has launched a new strategy to improve outcomes for consumers and in markets throughout the UK. As the FCA’s remit is broad […]
The FCA has appointed 2 new Directors of Authorisations as it successfully fills 95 new authorisation roles. A new Finance Director will also join the regulator this spring. Laura Dawes will take up 1 of 2 new Director of Authorisations roles. Laura is currently interim Director of Strategy, Policy, International and Intelligence in the FCA’s […]
The FCA has published proposals for a compensation scheme for former members of the British Steel Pension Scheme (BSPS) who received unsuitable advice to transfer out of the fund. The FCA has found that almost half (46%) of the advice it reviewed relating to BSPS was unsuitable. It is proposed that the scheme will cover […]
The Financial Conduct Authority (FCA) has fined asset manager GAM International Management Limited (GIML) £9,103,523 for failing to conduct its business with due care and attention and failing to adequately manage conflicts of interest. The FCA has also fined Timothy Haywood, a former Investment Director and Business Unit Head at GIML, £230,037. GIML failed to […]
Home News Recent statements by Binance and Eqonex Limited We are aware of recent statements made by Eqonex Limited and the Binance Group confirming that an entity called Bifinity will advance a US$36 million convertible loan to EQONEX. Through this loan, Bifinity has acquired some specific contractual rights over Eqonex Limited. Bifinity is the new […]
Today, former Redcentric Plc CFO, Tim Coleman, was sentenced to five and a half years’ imprisonment and disqualified from being a director for ten years having been found guilty of two offences of making false and misleading statements to the market, and three offences of false accounting. Redcentric, an IT service provider and AIM-listed company, […]
The Financial Conduct Authority (FCA) is taking assertive action to tackle harm in the consumer investments market, as data published today shows it has stopped 1 in 4 firms from entering this market. The FCA is also urging consumers to be InvestSmart and ScamSmart, following an increase in the number of scams being reported to […]
The Financial Conduct Authority (FCA) has today set out a new employment offer designed to reward strong, consistent performance, aid career development and close pay gaps. This follows an extensive, wide-ranging and comprehensive consultation with all FCA colleagues and the FCA’s Staff Consultative Committee. The changes, including updates to the proposals consulted upon, will mean […]
From today, new restrictions will apply to claims management companies (CMCs) to prevent them from charging excessive fees to consumers owed compensation from financial services firms. Under new Financial Conduct Authority (FCA) rules in force from today, the maximum consumers can be charged will depend on how much redress they are due. For example, if […]
