FCA Financial Crime Guide Update – Key Takeaways
The FCA has published an update to its Financial Crime Guide following its consultation in April...
How championing the value premium could help end the platform race to the bottom
The UK’s investment platform market is facing twin challenges. New Consumer Duty regulations are...
FCA Issues £16.7m Fine to Metro Bank: Key Lessons in Transaction Monitoring
On 12 November 2024, the FCA fined Metro Bank £16.7 million for serious lapses in its transaction...
Unlocking financial inclusion through open banking and PSD3
Highlights from our webinar on how open banking and new regulations such as PSD3 could help boost...
Highlights from the UK government's National Payments Vision
The UK government has just released the National Payments Vision, which sets out a strategic...
Removing payment frictions: how to apply for a TRA exemption
A solution that can allow PSPS to relax security measures on certain transaction types: TRA...
Operational Resilience - The FCA, PRA, and Bank of England Publish a Joint Policy Statement
Lorraine Mouat reacts to The FCA, The PRA and The Bank of England's joint Policy Statement on...
Failure to Prevent Fraud (FTP) Guidance
The Home Office have just released long-awaited guidance to organisations on the offence of Failure...
The Autumn Budget 2024: Financial Services Impact Analysis
Thistle Initiatives explore the impact of the Autumn Budget on the Financial Services and...
FCA Wake-Up Call: The CrowdStrike Outage and the Urgency of Operational Resilience in Financial Services
The recent CrowdStrike outage underscores how crucial operational resilience is in today’s...
Breaking a fraudster’s spell
As the new era of financial security is unveiling for the UK’s PSR, it is vital that payment firms...
Reforms to the Financial Services retail disclosure requirements
Following the Treasury’s consultation on replacing the EU-inherited PRIIP regime with a new...
The FCA’s Payments Consumer Duty Multi-Firm Review: A Reflection On Change
On 9th October 2024, the FCA released a crucial update for payments firms across the UK – a set of...
The FCA's 'Dear CEO' Letter on APP Fraud Reimbursement: What Firms Must Do Now
On the 7th of October, the FCA issued a ’Dear CEO’ letter outlining clear and actionable...
Explained: The FCA’s Portfolio Letter on expectations for financial advisers and investment intermediaries
Our team of experts explore the expectations for financial advisers and investment intermediaries,...
The FCA’s Consumer Duty: how can firms better consider vulnerable customers’ needs?
Rohan Chakraborty explored how we identify the needs of a customer that distinguishes them as a...
APP Fraud Reimbursement Scheme comes into effect: what will the impact be?
The APP fraud reimbursement scheme came into effect October 7th 2024, launched by the PSR to...
CP24/19: The FCA’s consultation on reform to consumer credit regulatory returns
Last month the FCA took another step towards achieving its aim of becoming a more data-driven...
Five lessons from the Starling Bank FCA Final Notice
The FCA fined Starling Bank £28,959,426 on 2nd October 2024 for failings relating to AML and...
EU DORA v UK Operational Resilience
The key differences between EU DORA and UK Operational Resilience
What the changes to the safeguarding regime mean for payments and e-money firms
Payment Services Manager, Alejandra Gorria, dives into what exactly the FCA's safeguarding changes...
Safeguarding Series: the UK
In the first of the Safeguarding Series, we explore how different regulators approach safeguarding...
A question of liabilities – four sides to APP fraud reimbursement
An exploration into the four sides of APP fraud reimbursement and what the update means for...
FCA's 2023/2024 Annual Report: Authorisation and Beyond
The FCA's has just published its 2023/24 annual report and our Head of Payment Services, Lorraine,...
Challenges with Open Banking
The key challenges that open banking faces and what they mean for the future of the financial...
Understanding Insurers' Valuation of Vehicles and Other Insured Assets
The FCA’s thematic review has highlighted concerns in the insurance industry, particularly in how...
Thematic Review Report TR24/2 explained
An expert review of the Financial Conduct Authority’s (FCA) Thematic Review Report TR24/2
The FCA's move to outcomes-based approach explained
Explainer on the FCA's move to outcomes-based approach and the concerns this move may cause.
UK Digital Payments Push: Innovation and Competition are the UK's Rocket Fuel
How innovation and competition could be the rocket fuel that will keep the UK's economy not just...
Navigating FCA Requirements: Unspoken Rules for Payment Services and E-Money Firms
A look at areas that the FCA may not explicitly emphasise but are critical for your firm’s...
Monitoring Consumer Duty Outcomes Using Management Information
Article from Huw Reynolds on how to use Management Information (MI) to monitor Consumer Duty...
It’s summer at last and things are hotting up!
We’ve mentioned on several occasions that the FCA is more proactively targeting firms with whom...
Sustainability Disclosure Requirements: Distributor Obligations
The Sustainability Disclosure Requirements apply to asset managers and will apply yo portfolio...
The Anti Greenwashing Rule
On 31st May 2024 the FCA’s Anti-Greenwashing rule came into effect.
Saudi Arabia's Consumer Protection Principles: an overview for Payment Services Providers
In the rapidly evolving financial landscape of Saudi Arabia, consumer protection has emerged as a...
The importance of firm-wide risk assessments
Why you need to consider firm-wide risk assessments for your business and how Thistle Initiatives...
Overview of Sustainability Disclosure Requirements
Overview of initiatives aimed at providing consistency in the UK Financial Sector when it comes to...
The FCA tells firms to do more to ensure fair treatment for PEPs
Following concerns about how firms in the UK are meeting due diligence requirements on PEPs, the...
An overview to Overseas Funds Regime (OFR)
In July 2024, the FCA set out in its Policy Statement PS 24/7 the final rules and guidance...
Fact Find Documents: the weakest link?
Why are so many firms using a fact find that doesn’t do the job it was intended to so? And why are...
Labour's big plans to champion financial services
Lorraine Mouat, Head of Payment Services at Thistle Initiatives explores Labour's Big Plans and the...
Information Commissioner’s Office: Cyber Security Document
The ICO’s recent report makes for informative and interesting reading.
Information for principals with overseas appointed representatives
In June 2024, the FCA issued information about the challenges and expectations for principal firms...
Thistle Initiatives Newsletters - June 2024
Here's an overview of our monthly newsletter updates of our capital sectors - June 2024
Compliance and Enforcement Monthly Newsletter June 2024
Compliance and Enforcement Monthly Newsletter 2024
Payment Services Monthly Newsletter - June 2024
Payment Services monthly newsletter - 2024
Thistle Retail Newsletter - June 2024
Thistle Retail Newsletter - June 2024
Credit and Mortgages Monthly Newsletter - June 2024
Credit and mortgages monthly newsletter - 2024
Consumer Duty View May 2024
Firms now have under 3 months to meet the 31 July 2024 deadline by which (1) firms need to have...
Insurance multi-firm review of outcomes monitoring under the Consumer Duty
Under the Consumer Duty firms must regularly assess, test, understand and evidence the outcomes...
Implementing the Consumer Duty for closed products and services by 31 July 2024
The Consumer Duty sets higher standards for retail financial services customers. It is a core part...
Investments Monthly Newsletter - June 2024
Investments monthly newsletter - 2024
FCA Publication: FCA keeps trading apps under review over gaming concerns
The FCA conducted an online experiment with over 9,000 consumers through an experimental trading...
Financial Ombudsman Service (FOS) Publication: Proactively settled complaints to continue
On 12 June 2024, the FOS announced that it would continue its proactive settlement scheme following...
FCA Publication: Our ambitious agenda for UK asset management
In a speech delivered at the Bloomberg Buy-side Forum, Ashley Alder, the FCA Chair set out the...
FCA Publication: Consumer Duty – information for firms
The FCA has updated its previous guidance on the Consumer Duty, specifically on the requirements...
Financial Crime Monthly Newsletter - June 2024
Financial Crime Monthly Newsletter - Here's an overview of our monthly financial crime updates
Payments Industry Seeks Delay in APP Fraud Rules Amid New Leadership at PSR
The Payments Association is urging for a delay in the rollout of new authorised push payment (APP)...
24 people charged in money laundering scheme involving Mexico’s Sinaloa cartel, prosecutors say
A five-year investigation by U.S. officials has uncovered a complex partnership between one of...
Update on the FCA’s review of treatment of Politically Exposed Persons
Last year, we launched a review of the treatment of domestic Politically Exposed Persons (PEPs) by...
UK Finance Annual Fraud Report
If you worked in fraud prevention last year, you’re probably still analysing the shifts and...
‘No change’ reviews – a problem?
There’s much in the financial press recently about ongoing reviews, and we’ve provided our fair...
FCA publishes Decision Notices against two individuals for acting without integrity in relation to pensions business
Both individuals have referred the Decision Notices to the Upper Tribunal. Any findings in the...
Finfluencers Charged for Unauthorised Trading Scheme Promotion
The FCA has brought charges against nine individuals in relation to an unauthorised foreign...
Three charged over CFD trading pension fraud
The FCA has charged three individuals with fraud for their alleged involvement in a high-risk...
Capacity for loss – how do you define it?
As regular readers of our articles will be aware, we’ve covered Capacity for Loss (CfL) numerous...
QR Codes: The New Age Digital Pickpocketing
So here's an interesting thing about something that is becoming more common place in all our lives...
Tap to Cash lets you pay by touching iPhones
Apple’s WWDC 2024 keynote was packed, including a number of key new updates for iOS 18. One of the...
UK payments watchdog rejects industry call to delay fraud refund plan
The interim head of the UK payments regulator, David Geale, has rejected industry calls to delay a...
DC – DC. Bigger than DB – DC?
The Pension Freedoms, as they’re called, were introduced in 2015 and when combined with...
Tick tock, tick tock…
Geoffrey Chaucer is credited with the phrase “Time and tide waits for no man” (although The Rolling...
Thistle Initiatives Newsletters - May 2024
Here's an overview of our monthly newsletter updates of our capital sectors - May 2024
Credit and Mortgages Monthly Newsletter - May 2024
Credit and mortgages monthly newsletter - 2024
Investments Monthly Newsletter - May 2024
Investments monthly newsletter - 2024
Financial Crime Monthly Newsletter - May 2024
Financial Crime Monthly Newsletter - Here's an overview of our monthly financial crime updates
Compliance and Enforcement Monthly Newsletter May 2024
Compliance and Enforcement Monthly Newsletter 2024
Thistle Retail Newsletter - May 2024
Thistle Retail Newsletter - May 2024
Payment Services Monthly Newsletter - May 2024
Payment Services monthly newsletter - 2024
FCA fines HSBC £6.2 million over treatment of customers in financial difficulty
In May 2024, the FCA fined HSBC UK Bank plc, HSBC Bank plc and Marks and Spencer Financial Services...
Key harms and drivers of harm caused by Appointed Representatives (ARs) and Introducer Appointed Representatives (IARs) that undertake credit broking
The FCA wants to improve principals’ oversight of their Appointed Representatives (ARs) and it has...
FCA Policy Statement on Consumer Credit Product Sales Data Reporting
The FCA has set out in its Policy Statement 24/3 its final rules & guidance for incorporating three...
Avoid these common errors in Asset Management authorisation
The FCA has published a list of common issues with applications between April 2023 and April 2024...
'Finfluencers’ charged for promoting unauthorised trading scheme
The FCA announced earlier this month that it was bringing charges against several individuals...
FCA confirms anti-greenwashing guidance and proposes extending sustainability framework & FG24/3: Finalised non-handbook guidance on the anti-greenwashing rule
The FCA have released finalised guidance on its anti-greenwashing rule (FG24/3), which is set to...
Dear CEO letters on Consumer Duty - closed products
In May 2024, the FCA issued six new Dear CEO letters concerning the Consumer Duty requirements for...
Facebook 'did nothing about Taylor Swift ticket hack scam'
Facebook users whose accounts were hacked and hijacked to sell fake Taylor Swift tickets have...
Payment Firms Urge UK to Scale Back Fraud Victim Refund Plan
The payments industry is pushing back against the UK’s plans to force firms to reimburse scam...
HM Treasury Anti-money laundering and counter-terrorist financing: Supervision Report: 2022-23
The UK has a comprehensive anti-money laundering and counter-terrorist financing (AML/CTF)...
Pair jailed for £5.7m cryptocurrency scam
Two men who stole more than £5.7m worth of cryptocurrency from victims all over the world have been...
FCA bans and fines James Lewis £120,300 for putting investors at risk
The former CEO of Shard Capital Partners has been fined £120,300 and banned by the Financial...
FCA secures £533,000 to return to investors
The FCA has recovered funds from an unauthorised deposit-taking scheme operated by Bright Managment...
Individual charged with investment fraud over unauthorised multimillion pound ‘Kube Trading’ scheme
The FCA has launched criminal proceedings against Lee Steven Maggs of Sittingbourne, Kent, for two...
Back to basics
If you read the industry press regularly you could be forgiven for thinking that the provision of...
FCA Update Financial crime is changing and so is our guidance for firms
In April 2024, the FCA consulted, in its CP 24/9, on proposed changes to its Financial Crime Guide.
Stubborn issue?
It was really just a matter of time before it happened following the implementation of Consumer...
Checkout.com Partners with Mastercard, offering Virtual Cards to Online Travel Agents
Checkout.com, the global payment service provider, has joined forces with payments giant...
BofE warns payment firms to be ready for new Operational Resilience rules
Payment firms have been warned by the Bank of England that they need to step up their preparations...
Balancing Transparency with Reputation: The FCA's Push to Name and Shame Companies Under Investigation
On Friday 26th April, the FCA made a move that sparked both support and controversy (but mainly...
How the FCA Dear CEO letter will impact the IFA M&A market?
With the introduction of the current regulatory changes such as capital and liquidity adequacy, and...
FCA confirms anti-greenwashing guidance and proposes extending sustainability framework
As we move into 2024, the raft of sustainability-related regulation continues to increase at pace...
EU expands AML regulation
In April 2024, the European Parliament passed legislation aimed at bolstering the EU's anti-money...
Thistle Initiatives Newsletters - April 2024
Here's an overview of our monthly newsletter updates of our capital sectors - April 2024
Financial Crime Monthly Newsletter - April 2024
Financial Crime Monthly Newsletter - Here's an overview of our monthly financial crime updates
Compliance and Enforcement Monthly Newsletter April 2024
Compliance and Enforcement Monthly Newsletter 2024
Investments Monthly Newsletter - April 2024
Investments monthly newsletter - 2024
FCA Market Watch 78
In Market Watch 78, the FCA has put forward its recent supervisory...
The Financial Resilience Survey data
In June 2020 the FCA launched the Financial Resilience Survey...
Payment Services Monthly Newsletter - April 2024
Payment Services monthly newsletter - 2024
Credit and Mortgages Monthly Newsletter - April 2024
Credit and mortgages monthly newsletter - 2024
Thistle Retail Newsletter - April 2024
Thistle Retail Newsletter - April 2024
Alternative investment fund manager (AIFM) hosting
AIFMs can use the host model to employ staff on secondment from a third party to help manage the...
New way of paying for investment research proposed by the financial regulator
The FCA has put forward plans for a new way to pay for investment research.
VCT fundraising dips 18% to £882m but remains third highest on record
VCT fundraising reached £882m in the 2023/24 tax year, according to data from the Association of...
Principal firms who have Credit Broking permissions: Good practice and areas for improvements
In April 2024, the FCA assessed and publicised the key harms and drivers of harm caused by...
TikTok Referred to Australian Regulator Over AML Concerns in Türkiye and Ireland
TikTok, the popular social media platform known for its short video content, is facing increased...
Europol report identifies the most threatening criminal networks in the EU
Europol’s new report, published today, entitled “Decoding the EU’s most threatening criminal...
UK Government to tackle global financial corruption
The UK Government will announce a global call to action for greater transparency on company...
Principles for Auditing a Financial Crime Risk Management Programme for Effectiveness under the Wolfsberg Factors
The Wolfsberg Group (the Group) has encouraged Financial Institutions (FIs1 ) and regulators to...
Competition Act 1998 decision: international money remittance
On 30 November 2023, we decided that 3 firms offering international money remittance services had...
FCA secures £1.6m for investors from alleged unlawful investment schemes
The Financial Conduct Authority (FCA) has secured court approval to obtain £1.6m from Argento...
Stuart Bayes found guilty of insider dealing
Mr Stuart Bayes was today found guilty of 2 offences of insider dealing, following an 8-week trial...
CFIT to chair industry-led Open Finance Taskforce announced by UK Government
The Economic Secretary to the Treasury, Bim Afolami MP, has announced a new industry-led task...
Understanding the Financial Landscape: Insights from the FCA's Latest Release
The Financial Conduct Authority (FCA) unveiled its latest report yesterday (10/4/24), shedding...
FG24/1: Finalised guidance on financial promotions on social media
We clarify our expectations on how financial promotions should be communicated on social media. We...
TR 24/1 – wider connotations?
In our previous article covering the FCA’s thematic review of retirement income advice (TR24/1) we...
FCA statement regarding motor finance firms financial resources
In April 2024, the FCA wrote to motor finance firms to remind them they must maintain adequate...
FCA researches borrowers' ability to repay and issues Policy Statement and guidance
In April 2024, the FCA issued research on and provided comments and a Policy Statement and...
Introducing the Consumer Duty – A Dynamic Journey
In the fast-paced realm of investment firms, the first half of 2023 witnessed a flurry of activity...
TR 24/1 - What did it tell us?
The long-awaited FCA Thematic Review (TR24/1) on Retirement Income Advice has finally landed (on...
Asset management: common errors when applying for authorisation
In April 2024, the FCA listed and reported on some common issues experienced with recent asset...
Exploring IFPR Insights: Unveiling the FCA's Latest Findings
If you've been following our previous Thistle Initiatives IFPR blog, you're likely to be familiar...
FCA finalised guidance on social media promotions
In March 2024, the FCA set out in its Finalised Guidance FG 24/1 how financial promotions made on...
Navigating the UK Cryptoasset Landscape: Key Regulatory Updates for Firms
The world of cryptoassets is rapidly evolving, and regulatory frameworks are adapting to keep pace.
Investments Monthly Newsletter - March 2024
Investments monthly newsletter - 2024
FCA decides on £5.95m fine and industry ban for Nailesh Teraiya in latest cum-ex case
Nailesh Teraiya has referred his Decision Notice to the Upper Tribunal. Any findings in the...
FCA updates position on cryptoasset Exchange Traded Notes for professional investors
The Financial Conduct Authority will not object to requests from Recognised Investment Exchanges...
Investors pulled £38.1bn from active funds in 2023 as cost of living pressure bites
Active funds suffered outflows totalling £38.1bn in 2023, as investors continued to favour tracker...
Credit and Mortgages Monthly Newsletter - March 2024
Credit and mortgages monthly newsletter - 2024
Review of Firms' Treatment of Customers in Vulnerable Circumstances: FCA's Findings and Expectations
In March 2024, the FCA announced that it would conduct a review into how firms are acting to...
T+1 and EU CSDR accelerate need for improved efficiency in ETF creation and redemption processes
There is an increased need for ETF creation and redemption processes to undergo automation and...
Value of London-listed ETFs surpasses £1trn for the first time
The total value of London-listed ETFs surpassed £1trn for the first time in February, according to...
Regulators Unite: FCA's Warning on Debt Collection Practices
Together with Ofgem, Ofwat and Ofcom, we've set out our expectations for firms across markets, as...
Consumer Duty firm survey – Autumn 2023
In Spring 2023, we commissioned Ipsos UK to survey 1,230 firms in scope of the Consumer Duty (the...
Payment Services Monthly Newsletter - March 2024
Payment Services monthly newsletter - 2024
Shaping Tomorrow's Financial Landscape: Your Voice Matters in the CBI's Consumer Protection Code Consultation
Yesterday (7th March 2024), the Central Bank of Ireland (CBI) took a significant stride forward by...
FCA's Recent Warning: AML Controls Under Scrutiny
Go grab a coffee - we need to chat about this very recent alarm bell being sounded by the FCA!...
SAP Announces New Commerce Cloud Payment Solution, Drawing on Vast Partner Ecosystem to Help Retailers Gain an Edge
SAP has introduced an open payments framework within its Commerce Cloud, facilitating seamless...
Financial Crime Monthly Newsletter - March 2024
Financial Crime Monthly Newsletter - Here's an overview of our monthly financial crime updates
FCA's Warning: Addressing Anti-Money Laundering Failings in Financial Firms
We have today warned firms about common failings we have found in firms’ financial crime controls.
Improving the effectiveness of the Money Laundering Regulations
HM Treasury has published a consultation on improving the effectiveness of the Money Laundering,...
The Payment Services (Amendment) Regulations 2024 – policy note
As part of the fraud strategy, the government committed to explore whether to allow payment service...
Compliance and Enforcement Monthly Newsletter March 2024
Compliance and Enforcement Monthly Newsletter 2024
FCA Fines Firm & Bans Advisers: British Steel Pension Scheme Scandal
The FCA has fined Inspirational Financial Management Ltd (IFM), which is in administration,...
House of Commons Treasury Committee’s ‘Sexism in the City’ report
As the Treasury Select Committee’s report sets out, there has been welcome progress on...
FCA to investigate use of personal guarantees in certain small business lending
The Financial Conduct Authority has today committed to investigate the use of personal guarantees...
FCA warns firms over anti-money laundering failings
We have written to CEOs of Annex 1 firms setting out our findings from our recent assessments of...
Cryptoasset AML/CTF Regime: Feedback on Applications - Quality Insights
The FCA has been the anti-money laundering and counter-terrorist financing (AML/CTF) supervisor of...
CP24/4: Further consultation on the regulatory framework for pensions dashboard service firms
In March 2024, the FCA publicised that operating a pensions dashboard service is a new regulated...
FCA asks Financial Advisers to review their processes in retirement income support
In March 2024, the FCA wrote to the Chief Executives of financial advice firms asking them to...
FCA business plan for 2024/25
In March 2024, the FCA issued its Business Plan for 2024/25, which it describes as “an ambitious...
FCA joins other regulators to warn firms on debt collection
In March 2024, the FCA, together with fellow members of the UK Regulators’ Network (UKRN) Ofgem,...
Review of firms' treatment of customers in vulnerable circumstances
In March 2024, the FCA announced that it would conduct a review into how firms are acting to...
Motor finance probe accelerates as FCA chief warns it’s ‘improbable we’ll find nothing’
In March 2024, the FCA’s chief executive, Nikhil Rathi, provided, in a speech entitled “Investing...
Decrypting the UK Cryptoasset Landscape - Webinar Highlights
As the crypto market continues to innovate and grow, governments and regulators around the world...
HM Treasury open consultation: Improving the effectiveness of the Money Laundering Regulations
HM Treasury has released a consultation to enhance the effectiveness of the Money Laundering,...
Periodic Suitability Assessments - Have Elements Been Overlooked?
With all the palaver that’s going on in the industry right now and the press reporting on...
FCA Explains Common Findings Across Annex 1 AML Frameworks
In its increased monitoring of Annex 1 Firms, the FCA's scrutiny has unearthed common themes across...
Financial Crime Monthly Newsletter - 2024
Financial Crime Monthly Newsletter - Here's an overview of our monthly financial crime updates
Former Qatar Airways Chairman Sentenced For Money Laundering
Reuters reports that Former Qatar Airways chairman and Qatari Minister of Finance Ali Sharif...
AI-generated ID documents bypassing well-known KYC software
Cointelegraph reports that AI-generated fake IDs costing as little as $15 are reportedly being used...
UK Government responds to Law Commission SAR regime review
In 2017, the Home Office asked the Law Commission to review limited aspects of the anti-money...
FCA grants first crypto exchange licence since October 2023
The FCA has shared feedback on good and less good applications received under money laundering...
FCA publishes 2024 plan to reduce and prevent financial crime
The FCA recently provided an update on progress tackling financial crime, along with a preview of...
Payment Services Monthly Newsletter - 2024
Payment Services monthly newsletter - 2024
NatWest Become First UK Bank Accepted To UK Open Banking DPS
NatWest Bank has become the first UK bank to join the Crown Commercial Service’s Dynamic Purchasing...
HSBC Install First Cash Pod In Nailsea To Help With Cash Access
Ahead of the closure of the town’s last bank, HSBC UK has introduced its first standalone ‘Cash...
New Klarna Service Take On US Tech Giants After Sweden Success
Payments provider Klarna has developed and rolled out a service that allows customers to share data...
Investments Monthly Newsletter - 2024
Investments monthly newsletter - 2024
FCA Publication: Primary Market Bulletin 47
The 47th edition of the FCA’s Primary Market Bulletin provided an update on recent follow-ups from...
FCA Publications: Market Watch 76 and 77
The FCA has released two new instalments of Market Watch. Market Watch 76 covers the FCA’s...
FCA addresses concerns on treatment of customer cash balances
The FCA has sent a Dear CEO letter to 42 investment platforms and SIPP operators outlining its...
European fund managers secure long-term UK market access
The Treasury has confirmed that European fund managers will be able to submit applications to the...
BlackRock Sees Highest UK Gross Retail Sales For The Tenth Year
BlackRock has topped the table for the highest gross retail sales in the UK for the tenth...
Compliance and Enforcement Monthly Newsletter 2024
Compliance and Enforcement Monthly Newsletter 2024
GAP Insurers Suspend Sales Following FCA Concerns
The FCA has said that multiple insurance firms have agreed to pause sales of Guaranteed Asset...
FCA publishes latest authorisations service metrics
The FCA reports its authorisations metrics quarterly to provide greater transparency on its...
Firms Asked For Details About Ongoing Consumer Duty Services
The FCA is writing to a number of financial adviser firms requesting information about their...
FCA stops thousands of misleading ads and promotions
More than 10,000 financial advertisements and other promotions were withdrawn or changed in 2023...
Former LCF Director Fined Over Financial Promotions
The FCA has fined a former director of London Capital & Finance plc (LCF) £31,800 and banned him...
Thistle Retail Newsletter - February 2024
Thistle Retail Newsletter - February 2024
Ongoing review service - a service, or not?
Most advice firms will have noted that the FCA issued a communication to 20 or so of the largest...
Navigating the Advice/ Guidance Boundary
Whilst the FCA consults on the boundary between advice and guidance (DP23/5 was issued on 8th...
FCA Requests Information From Firms On Ongoing Advice Services
In February 2024, the FCA wrote to a number of financial adviser firms with a survey requesting...
FCA Publishes Update On Strategy To Reduce Financial Crime
Eighteen months into its 3-year strategy aimed at reducing and preventing financial crime, the...
Financial Crime Newsletter - January 2024
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
Compliance and Enforcement Newsletter - January 2024
Compliance and Enforcement Newsletter - January 2024
Financial Services & Markets Act 2000 - Amended Order 2024
HM Treasury has published a draft of The Financial Services and Markets Act 2000 (Regulated...
Expectations of firms selling client banks
The FCA, in this article, has taken the opportunity to express its expectations around the sale of...
The Berne Financial Services Agreement
In December 2023, the UK signed the Berne Agreement with Switzerland. The agreement uses...
Investments Newsletter - January 2024
Investments monthly newsletter - January 2024
FCA Address Concerns on Treatment Of Customer Cash Balances
The FCA has written a ‘Dear CEO letter’ to 42 investment platforms and SIPP operators about its...
Most Active Equity Funds Fail To Outperform Benchmarks In 2023
Most actively managed funds and active ETFs have failed to beat their benchmarks in 2023, research...
European ETF market hits record $1.72trn
Assets under management in the European ETF market reached a record $1.72trn at the end of...
Guidance On Money Laundering Reporting Obligations
The purpose of this guidance is to set out the government position on money laundering reporting...
Cryptoasset AML/CTF Regime: Feedback On Applications
Feedback on good and poor quality applications made to us under money laundering regulations. Read...
Money Laundering Regulations To Impact Financial Institutions
In a significant move that promises to sharpen up financial crime risk management, the UK...
Credit and Mortgages Monthly Newsletter - January 2024
Credit and mortgages monthly newsletter - January 2024
The FCA Webinar on Consumer Duty: Key Takeaways and Next Steps
In January 2024, the FCA held a webinar on the Consumer Duty – Next Steps. A transcript of this...
FCA Investigates Motor Finance Commissions
In January 2021, the FCA banned discretionary motor finance commission arrangements (see the...
Dozens of EU platforms in limbo after missing ECSPR deadline
Dozens of peer-to-peer lending and crowdfunding platforms across Europe have been left in...
Payment Services Newsletter - January 2024
Payment Services monthly newsletter - January 2024
G20 Push For Faster Payments Risks Weakening Russia Sanctions
A report from the Future of Financial Intelligence Sharing (FFIS) warns that the G20's initiative...
Revolut Teams With Jabil To Scale Mobile Payment Solutions
Jabil has announced ongoing innovation between its payment solutions business unit and Revolut to...
TrueLayer first to join SEPA Payment Account Access Scheme
Open banking payments network TrueLayer has been authorised as the first participant in the SEPA...
FCA expectations for Loan-based Peer-to-Peer Lending platforms
In January 2024, the FCA issued a Portfolio Letter to peer-to-peer lending firms that outlines the...
FCA reviews motor finance commissions
In January 2021, the FCA banned discretionary motor finance commission.
Major Regulatory Shift: Money Laundering Regulations Update
In a significant move that promises to sharpen up financial crime risk management, the UK...
BNPL users charged late payment fees
In January 2024, it was reported that a survey carried out for the education charity the Centre for...
FCA Webinar - Consumer Duty: The Next Steps
In January 2024, the FCA held a webinar on the Consumer Duty – Next Steps.
Safeguarding Audits: Common Pitfalls and Best Practices
If you're a payment services provider or electronic money institution, safeguarding audits are...
Investments Newsletter - December 2023
Investments monthly newsletter - December 2023
Personal Investment: Strengthening Prudential Requirements
The FCA has announced proposals to require personal investment firms (PIFs), often referred to as...
Recruit, Change or Terminate an Appointed Representative
Principal firms that recruit appointed representatives (AR) are responsible for their activities...
Expectations Of Firms Offering Fractional Shares
Following the Treasury’s recent announcement of its plan to allow certain fractional share...
FCA publishes final report on IFPR Implementation Observations
The FCA has released a report with its observations on how firms are implementing the requirements...
Financial Crime Newsletter - December 2023
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
World-first agreement to tackle online fraud
People across the UK will be better protected from online scams, fake advertisements, and romance...
Hundreds of firms targeted by FCA in MLRO crackdown
The FCA targeted hundreds of firms as part of a crackdown on money laundering reporting officers...
New List Of High-Risk Third Countries For Money Laundering
The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No.2) Regulations...
Credit and Mortgages Monthly Newsletter - December 2023
Credit and mortgages monthly newsletter - December 2023
FCA secures contract changes for growing BNPL customer population
New research from the FCA shows that there has been a significant increase in the use of...
Unregulated Buy Now Pay Later (BNPL) firms becoming authorised
Prior to Brexit, EEA-based firms were able to operate in the UK without direct FCA authorisation.
Financial Watchdog Sets Credit Information Market Improvements
Under proposed rule changes, the FCA says people will find their credit files better reflect their...
Payment Services Newsletter - December 2023
Payment Services monthly newsletter - December 2023
Crypto.com gains momentum with UK financial authority’s approval
The FCA has authorised Crypto.com as an Electronic Money Institution (EMI), enabling it to expand...
Instant Payment Systems To Deliver 24/7 Cross-Border Processing
Cross-border payments destined for Europe can now reach beneficiaries in seconds, seamlessly...
Latest regulatory initiatives grid published
The Financial Services Regulatory Initiatives Forum has published the seventh edition of its...
Payments review calls for open banking reform and legislation
Published on 22 November 2023, the much anticipated Future of Payments Review takes a deep dive...
Compliance and Enforcement Newsletter - December 2023
Compliance and Enforcement Newsletter - December 2023
Sustainability Disclosure & Labelling Regime Confirmed By FCA
The FCA has confirmed a substantial package of measures to improve the trust and transparency of...
FCA Proposes Regulatory Approach For Overseas Funds
In preparation for the new Overseas Funds Regime (OFR), the FCA has set out its proposals in CP...
Personal Investment Firms To Hold Capital For Redress
The FCA has announced proposals to require personal investment firms to set aside capital so that...
UK signs Berne Agreement with Switzerland
In December 2023, the UK signed the Berne Agreement with Switzerland. The agreement uses...
The PSR's Final Stand On APP Fraud Reimbursement
An announcement from the Payment Systems Regulator (PSR) on the 19th of December 2023 has confirmed...
FCA Writes To Firms About The Treatment Of Retained Interest
In December 2023, the FCA wrote a Dear CEO letter to investment platforms and SIPP operators...
Future of Payments
In November this year, HM Treasury (HMT) published a report, ‘The Future of Payments Review 2023’,...
12 months on from FCA Policy Statement 22/11
In August 2022, the FCA issued its Policy Statement PS 22/11 Improvements to the Appointed...
Webinar Q&A's - The Similarities & Differences Between FCA & DFSA Regulation
Thistle Initiatives and Clarity Consulting Solutions recently partnered to conduct an insightful...
FCA and Government seeking views on three proposals
In December 2023, the FCA and Government sought views, in Discussion Paper DP 23/5, as part of the...
3 UK Regulators Issue Paper CP 26/23 On Operational Resilience
In December 2023, the FCA, the PRA, and the Bank of England jointly issued their consultation paper...
FCA sets out credit information market improvements
In December 2023, the FCA announced in its Market Study MS 19/1 a range of measures intended to...
FCA seeks views on regulatory approach for overseas funds
In November 2023, the FCA, in preparation for the new Overseas Funds Regime (OFR), set out its...
What Do Senior Managers Need To Be Aware Of In An FCA visit?
During any visit that it makes to a firm, the FCA will expect engagement from the firm’s senior...
FCA Requires Personal Investment Firms To Hold Capital
In November 2023, the FCA announced in its Consultation Paper CP 23/24 proposals to require...
Investments Newsletter - November 2023
Investments monthly newsletter - November 2023
UK Retail Disclosure Framework
The SSR (Short Selling Regulation), applies to financial instruments admitted to trading or traded...
The Short Selling Regulations 2024
The government has issued a draft SI with an accompanying policy note setting out how it plans to...
Changes To The Financial Promotion Rules Will Have An Impact
HM treasury recently consulted on changes to the thresholds for what it means to be wealthy and how...
The Consumer Duty: A Continuous Journey Towards Better Outcomes
On the 1st November 2023 the FCA Director of Cross-Cutting Policy and Strategy, Nisha Arora, gave a...
FCA Expectations For Wealth Management And Stockbroking
On the 8th November 2023, the FCA issued a ‘Dear CEO’ letter, intended for firms that typically...
FCA publishes final report on IFPR implementation
The IFPR and the corresponding prudential standards under MIFIDPRU began on 1 January 2022. The...
Compliance and Enforcement Newsletter - November 2023
Compliance and Enforcement Newsletter - November 2023
Global regulators foster digital innovation with Project Guardian
The FCA has announced that it is partnering with regulators around the world as part of the...
FCA secures confiscation order against convicted CFO
On 2 November, Southwark Crown Court imposed a Confiscation Order of £355,369 on Timothy Coleman,...
Seriously incompetent pensions advisor handed ban and £200k fine
The FCA has banned Geoffrey Armin from advising customers on pension transfers and opt-outs and...
Credit and Mortgages Monthly Newsletter - November 2023
Credit and mortgages monthly newsletter - November 2023
General Insurance Value Measures reporting rules for firms
In PS20/9, the FCA introduced rules requiring General Insurance firms to report value measures...
Attesting Compliance With GI Pricing Practices Rules
In PS21/5, issued in May 2021, the FCA confirmed that senior managers would be required to attest...
FCA publishes consultation paper on fees
In November 2023, the FCA published its consultation paper on FCA fees CP23/22: Regulatory fees and...
Financial Crime Newsletter - November 2023
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
FCA issues guidance to help crypto firms comply with marketing rules
Following a recent change in legislation, cryptoassets promotions targeting UK consumers now fall...
FCA responds following AI and machine learning consultation
In Discussion Paper DP5/22 – Artificial Intelligence and Machine Learning, issued jointly with the...
Treasury responds to feedback on future regulatory regime for cryptoassets
Responding to feedback on its recent consultation and call for evidence on the future financial...
PSR publishes authorised push payments fraud performance data
Authorised push payment (APP) fraud occurs when a fraudster tricks someone into sending a payment...
Payment Services Newsletter - November 2023
Payment Services monthly newsletter - November 2023
PSR publishes APP fraud performance data
In October 2023, the Payment Services Regulator (PSR) published 2022 performance data on authorised...
FCA and Modulr agree customer onboarding restrictions
The FCA has imposed customer onboarding restrictions on payments-as-a-service provider Modulr until...
Safeguarding Your Payments and E-Money Business from FCA Enforcement Powers
In the realm of UK Payments and e-money services, an area subject to increased scrutiny from the...
The Future of Payments: Exploring the Implications of PSD3 for UK Payment Services Firms
The financial landscape is constantly evolving, and as we approach the implementation of PSD3...
What investors should expect in Jeremy Hunt's Autumn Statement
On 22nd November 2023, Chancellor Jeremy Hunt issued HM Government’s Autumn Statement, covering its...
HM Treasury amends HNW and sophisticated investor definitions for financial promotions
In November 2023, HM Treasury consulted on changes to the thresholds for categorising the...
FCA reviews its approach to secondary consumer credit brokers
In November 2023, the FCA announced that it had recently reviewed its interpretation of the...
FCA brings proceedings against unauthorised and fraudulent mortgage advisers
In November 2023, unauthorised mortgage adviser Larry Barreto was found guilty of 11 charges of...
FCA reviews firms' anti-payment fraud systems
In November 2023, the FCA reported that while its multi-firm review of firms’ fraud controls and...
FCA marketing guidance for crypto firms
In November 2023, the FCA published new non-Handbook guidance (FG 23/3) to support crypto firms in...
The FCA issue a Dear CEO letter to wealth managers and stockbrokers
In November 2023, the FCA issued a Dear CEO letter setting out its assessment of the wealth...
The FCA and Bank of England publish proposals for regulating stablecoins
The FCA and the Bank of England requested feedback on their proposed approach, set out in their...
FCA issues financial promotions quarterly data 2023
In November 2023, the FCA issued a summary of the data generated between 1 July 2023 and 30...
Economic Crime and Corporate Transparency Act: What financial institutions need to know
In October 2023, the Economic Crime and Corporate Transparency Act (the ECCTA) received Royal...
Consumer Duty: Not once and done
In November 2023, the FCA reported a speech given by Nisha Arora, its Director of Cross-Cutting...
PSR publish APP fraud performance data
In October 2023, the Payment Services Regulator published 2022 performance data covering the...
FCA secures contract charges for BNPL customers
In October 2023, the FCA announced that it had agreed deals with two buy now pay later (BNPL)...
The FCA identifies common issues with crypto marketing
In October 2023, the FCA publicised that it has been supervising crypto firms since 8 October based...
Investments Newsletter - October 2023
Investments monthly newsletter - October 2023
Our Platforms Portfolio Supervision Strategy
The FCAs key concerns about harm within the Platform Portfolio include: - Fees and charges not...
Financial Promotions for high-risk investments
In August 2022, the FCA published PS22/10, which outlined new requirements for firms promoting...
FCA issues 146 alerts in first 24 hours of new crypto marketing regime
The FCA issued 146 alerts about cryptoasset promotions on the first day of a new regime bringing...
Our supervision strategy for Corporate Finance Firms
The FCA has written a Dear CEO letter to Corporate Finance Firms (CFFs) to outline the harms to...
Compliance and Enforcement Newsletter - October 2023
Compliance and Enforcement Newsletter - October 2023
FCA premieres innovative ad ahead of GameStop movie
The FCA has adopted an innovative approach to cinema advertising as it attempts to raise awareness...
WealthTek LLP ordered to cease operations
The FCA has taken action to protect consumers after identifying serious regulatory and operational...
Two banned over British Steel Pension Scheme advice failings
Keith Dickinson and Andrew Allen of Mansion Park Limited (in liquidation) have been banned from...
Credit and Mortgages Monthly Newsletter - October 2023
Credit and mortgages monthly newsletter - October 2023
Fifty-nine firms hold EU crowdfunding licences
Fifty-nine crowdfunding and peer-to-peer lending platforms have been authorised under EU-wide...
FCA consults on proposed additional product sales data returns
The FCA is requesting feedback on the proposed inclusion of three new product sales data returns...
Financial Crime Newsletter - October 2023
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
FCA Fines ADM Investor Services £6.5m For Crime Control Failings
Broker ADM Investor Services International Limited (ADMISI) has been fined £6,470,600 for having...
Companies House & the Economic Crime & Corporate Transparency Bill
The Economic Crime and Corporate Transparency Bill published on 22 September 2022, proposes...
EY pays back £15m to Santander UK in dispute over AML quality
Santander UK’s fin crime consultants EY have paid back £15m and will no longer work for the lender.
Payment Services Newsletter - October 2023
Payment Services monthly newsletter - October 2023
Binance to discontinue Visa debit card services in Europe
Prominent global cryptocurrency exchange Binance is to discontinue its Visa debit card services in...
World Payments Report Finds Non-cash Transactions Are Rising
Non-cash transaction volumes have maintained their upward momentum, as consumers and businesses...
First Supervisory Notice to London Court Limited
In October 2023, the FCA issued a First Supervisory Notice imposing certain requirements on London...
FCA review of Money mules
In October 2023, the FCA publicised the key findings arising from its multi-firm review of payment...
FCA Is Making Improvements To The Authorisation Application
In October 2023, the FCA announced that it is making improvements to the application process for...
The FCA addresses the AIF and NURS regimes
In October 2023, the FCA announced, in a speech given to the Investment Association, that it has...
Financial Watchdog Fines Equifax Ltd £11 Million
In October 2023, the FCA announced that it had fined Equifax Ltd £11,164,400 for failing to manage...
FCA crypto promotion alerts
In October 2023, the FCA announced that it had issued 146 alerts about cryptoasset promotions on...
FCA fine ADM Investor Services
In October 2023, the FCA fined investment brokerage firm ADM Investor Services International...
FCA Publicises Funeral Plan Sector Priorities For 2023 - 2025
In September 2023, the FCA publicised its funeral plan firms sector priorities for 2023-2025. It...
FCA financial resilience survey - October 2023
In September 2023, the FCA asked a number of firms to complete a survey to help the regulator...
End of implementation period for debt packager referral fee ban
In October 2023, the FCA again publicised that its Policy Statement and Final Rules on the debt...
Dear CEO Letter - Supervision Strategy For Corporate Finance
The FCA issued in September 2023 a Dear CEO letter to corporate finance firms, outlining its...
Payment Services Newsletter - September 2023
Payment Services monthly newsletter - September 2023
FCA says poor-quality applications are creating log jams
The FCA has said that poor-quality applications and ‘radical innovation' are sustaining a log jam...
EC sees new opportunities in modernising payment services
The European Commission (EC) recently put forward fresh proposals for bringing payments and the...
PSR consults on APP fraud reimbursement overhaul
The UK Payment Systems Regulator (PSR) has launched two consultations ahead of the implementation...
Investments Newsletter - September 2023
Investments monthly newsletter - September 2023
Fund managers warn government over net zero target
Fund houses managing £1.5trn in assets have warned the government that confused policymaking could...
VCTs Prove Resilient Against Venture Capital Industry Decline
Venture capital trusts saw an 8% growth in capital deployment over 2022, despite a staggering 23%...
Platform industry suffers worst Q2 sales since 2010
Platform sales failed to pick up between April and June this year, leading to the worst...
Navigating CrossBorder Payment Challenges - Insights from the FSB
In today's global business landscape, diversity and inclusion have become essential pillars for...
Nine out of ten investment trusts end H1 on discount
Investment Week has found that just 20 out of 231 investment trusts (around 8.7% of trusts) ended...
Consistently underperforming equity funds total soars to 56
Bestinvest’s latest Spot the Dog report found the number of persistently underperforming funds has...
Financial Crime Newsletter - September 2023
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
FCA Reports On Cryptoasset AML/CTF Regime Applications
The FCA has been the anti-money laundering and counter-terrorist financing (AML/CTF) supervisor for...
FCA reviews UK firms’ sanctions systems and controls
The FCA has set out findings from its assessments of sanctions systems and controls in financial...
The Economic Crime and Corporate Transparency Bill
The Economic Crime (Transparency and Enforcement) Bill, which makes provision for economic crime...
Credit Monthly Newsletter - September 2023
Credit monthly newsletter - September 2023
Key takeaways from the FCA’s recently introduced Consumer Duty
At the end of August, one month on from the introduction of the FCA’s Consumer Duty for current...
FCA consults on IDD replacement rules
The FCA is asking for feedback on its proposals for transferring part of the current regulatory...
The changing face of consumer lending
The combined effect of the rising cost of living, the higher base rate, and low wage growth means...
Compliance and Enforcement Newsletter - September 2023
Compliance and Enforcement Newsletter - September 2023
Two banned and fined over pension transfer advice failings
The FCA plans to fine Toni Fox and David Price £681,536 and £632,594 respectively for their roles...
ICO fines This Is The Big Deal Limited over PECR contraventions
The Information Commissioner’s Office (ICO) has fined energy provider and switching service This Is...
FCA given new powers to protect access to cash
The Financial Services & Markets Act 2023 has granted the FCA new powers to help it maintain the...
CP23/20: Shaping Tomorrow's Financial World
In today's global business landscape, diversity and inclusion have become essential pillars for...
Ready For Crypto Assets – Will You Meet FCA Expectations?
We said that crypto assets would fall under tougher financial promotions rules when they are...
FCA Gateway For Approving Unauthorised Financial Promotions
The FCA announced in September 2023 that regulated firms approving financial promotions for...
A Review Of Later-life Mortgages Finds Poor Advice
In September 2023, the FCA reported that in a review of later-life mortgage firms, it had worked...
Regulating Crypto Assets – The FCA’s Approach To Regulation
Regulating Crypto Assets – The FCA’s approach to crypto regulation will look like from a regulatory...
FCA Review Of The Treatment Of Domestic PEPs By Financial Services Firms
Earlier this month the Financial Conduct Authority (FCA) announced that they would conduct a review...
The Consumer Duty one month on
As of the end of August 2023, the FCA's Consumer Duty has been in existence for a month for current...
Compliance and Enforcement Newsletter - August 2023
Compliance and Enforcement Newsletter - August 2023
FCA Wins Civil Case Against Care Home Investment Scheme
The High Court has ruled in favour of the FCA against Robin Forster, the director of a company...
FCA secures confiscation order against convicted money launderer
Southwark Crown Court recently imposed a confiscation order of £562,636 against Richard Faithfull...
FCA responds to NatWest Board announcement on account closures
Commenting on the NatWest Board’s announcement on allegations relating to account closures and...
FCA continues crackdown on unregistered crypto ATMs
The FCA says it has visited and inspected 34 locations across the UK this year suspected of hosting...
Credit Monthly Newsletter - August 2023
Credit monthly newsletter - August 2023
Mortgage arrears jump comes as ‘no surprise’
In the second quarter of 2023, 81,900 homeowner mortgages with arrears of 2.5% or more, a jump of...
FCA finds 60% of P2P firms not complying with new risk warning
The FCA has found that almost two-thirds of peer-to-peer lending and crowdfunding firms failed to...
Consumer Credit act to be replaced by new FCA rules
The Consumer Credit Act is set to be axed, along with Section 75. The Act will be replaced by rules...
Financial Crime Newsletter - August 2023
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
PSR takes first step in drive to combat APP fraud
The Payment Systems Regulator (PSR) recently published a consultation on two of the draft...
Highlights from FCA and SFO 2022/23 annual reports
‘To reduce and prevent financial crime, we have a strengthened authorisation process, improved...
Consultation on cryptoasset transfers now closed
The Joint Money Laundering Steering Group (JMLSG) recently published proposed amendments to Sector...
FCA asks banks for information on account closures
After announcing that it intends to carry out a data exercise looking into the basis on which...
Investments Newsletter - August 2023
Investments monthly newsletter - August 2023
BlackRock retakes net flows crown in Q2
The latest Pridham Report found that, in the second quarter, BlackRock retook top spot for both...
Active equity funds gain ground on trackers in H1 2023
After a bleak 2022, the performance of active equity funds has seen an uptick relative to trackers...
Article 9 funds see lowest inflows on record
Dark green funds saw their lowest flows on record through the second quarter of 2023, despite...
Industry Welcomes Trio Of Reforms Including Review Of Rules
Chancellor of the Exchequer Jeremy Hunt has introduced a ‘sweeping package of UK regulatory...
One in six asset managers expected to disappear by 2027
The findings from a survey carried out by PwC suggest that 16% of asset management firms will...
Payment Services Newsletter - August 2023
Payment Services monthly newsletter - August 2023
FCA requests data from banks on account closures
After announcing that it intends to carry out a data exercise looking into the basis on which...
The digital pound
The Bank of England (BoE) recently announced that it is looking into the case for a digital pound.
Government responds to payments regulation consultation
The recent publication of the government’s Payments Regulation and the Systemic Perimeter:...
Government Fine Company £1million In Breach Of Russian Sanctions
In August 2023, the UK government fined a company £1 million for breaching Russian sanctions.
FCA Finds Fund Managers' Value Assessments Have Improved
In August 2023, following a review that it carried out of 14 authorised fund managers’ value...
FCA Sets Out Expectations For UK Cryptoasset Firms
The FCA has released its expectations that UK cryptoasset businesses will comply with the new...
Proposed rules for non workplace pensions
In December 2022, the FCA set out in its Policy Statement PS 22/15 the final rules intended to...
FCA financial promotions quarterly data 2023 - Q2
In August 2023, the FCA provided a summary of data generated between 1 April 2023 and 30 June 2023...
Consumer Duty And Carrying Out Price And Value Assessments
With the Consumer Duty now applying to all firms having a direct or indirect relationship with...
Compliance and Enforcement Newsletter - July 2023
Compliance and Enforcement Newsletter - July 2023
FCA outlines concerns about sustainability-linked loans market
Sustainability-linked loans (SLLs) aim to support sustainable economic activity and growth, with...
Regulators combine to call on firms to help struggling customers
Following a roundtable meeting with Chancellor Jeremy Hunt the FCA has joined other regulators in...
Morgan banned over British Steel Pension Scheme advice failings
The FCA has banned Denis Lee Morgan of Pembrokeshire Mortgage Centre Limited (in liquidation) (PMC)...
ClientEarth fails in judicial review against FCA
ClientEarth, an environmental charity that seeks to bring legal challenges in respect of entities...
Financial Crime Newsletter - July 2023
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
