FCA Transaction Reporting Proposals on the Horizon
FCA's proposed changes to transaction reporting aim to reduce regulatory burdens, save costs, and...
FCA Consolidator Review: Key Takeaways for the Financial Advice and Wealth Management Sector
The FCA’s latest review examines consolidation activity across the advice and wealth management...
Our Takeaways from the FCA’s Multi-Firm Review of Client Categorisation in Corporate Finance Firms
FCA review calls for improved client categorisation in corporate finance firms, highlighting the...
Fund Tokenisation: FCA Consults on Next Step Towards On-Chain Investment Funds
The FCA's consultation on fund tokenisation could revolutionise authorised funds with on-chain...
FCA Updates the MiFID Organisational Regulation: Key Changes for Investment and Fund Firms
With the latest changes to the MiFID Organisational Regulation, the FCA continues to align its...
Targeted Support Takes Shape: FCA Sets Out Handbook Changes in CP25/26
Anisha Kalam breaks down the FCA’s consultation on Targeted Support, highlighting the key Handbook...
FCA Regulatory Priorities for 2025: Growth, Smarter Regulation and the Future of Advice
The FCA has set out its regulatory priorities for 2025 — focusing on growth, smarter regulation,...
The UK EMIR Refit, One Year On: Key Lessons from FCA Market Watch 84
Key lessons from FCA Market Watch 84 on UK EMIR Refit compliance and the importance of accurate...
FCA Opens the Door to Retail Crypto ETNs
FCA allows retail access to crypto ETNs from October 2025, under strict compliance rules for...
Rebalancing The Consumer Duty: Our Takeaways from the FCA’s New Action Plan
Our Investments and Payment Services team looks at the FCA’s new action plan to refine the Consumer...
Inside Information Under the Spotlight in FCA’s Latest Market Watch
FCA’s Market Watch 83 urges corporate finance firms to strengthen controls on inside information,...
CASS Survival in 2025: Why Compliance Has Never Been More Critical
Learn why CASS compliance is critical in 2025 and discover a 10-step guide to help your firm meet...
Transaction Reporting: The £1M Lesson from Sigma Broking’s FCA Fine
Sigma Broking fined £1M by FCA for inaccurate transaction reports. Learn key lessons on data...
FCA Highlights Inefficiencies in Reporting: Remediation, Back Reporting & Breaches
FCA Market Watch 82 Breakdown: How Firms Can Improve Remediation, Reporting and Notifications
SM&CR Simplified: How the FCA Plans to Make the Regime More Efficient
Discover the FCA's new SM&CR reforms aimed at enhancing efficiency for financial firms while...
CP25/22 Explained: What Redress Reforms Mean for Firms
Understanding CP25/22: Learn how upcoming FCA and FOS redress reforms aim to enhance fairness,...
The FCA’s Push for Growth: Lowering Costs for Businesses Raising Capital
FCA's new reforms reduce capital-raising costs for UK firms, streamline IPOs, improve bond access,...
What the FCA’s Latest Asset Management Review Means for Smaller Firms
This week, the FCA released findings from its review of smaller asset management firms and...
Key Findings from the Treasury's Consultation on Regulations for Alternative Investment Fund Managers
In April 2025, HM Treasury launched a consultation, on Regulations for Alternative Investment Fund...
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
Thistle Retail Newsletter - June 2024
Thistle Retail Newsletter - June 2024
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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...
Thistle Initiatives Newsletters - May 2024
Here's an overview of our monthly newsletter updates of our capital sectors - May 2024
Investments Monthly Newsletter - May 2024
Investments monthly newsletter - 2024
Thistle Retail Newsletter - May 2024
Thistle Retail Newsletter - May 2024
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...
Back to basics
If you read the industry press regularly you could be forgiven for thinking that the provision of...
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...
Thistle Initiatives Newsletters - April 2024
Here's an overview of our monthly newsletter updates of our capital sectors - April 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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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FCA publishes final report on IFPR Implementation Observations
The FCA has released a report with its observations on how firms are implementing the requirements...
Webinar Q&A's - The Similarities & Differences Between FCA & DFSA Regulation
Thistle Initiatives and Clarity Consulting Solutions recently partnered to conduct an insightful...
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...
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...
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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...
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...
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...
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...
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FCA Finds Fund Managers' Value Assessments Have Improved
In August 2023, following a review that it carried out of 14 authorised fund managers’ value...
Investments Newsletter - July 2023
Investments monthly newsletter - July 2023
Mixed reaction for LTAF retail extension
The FCA has opened up the Long-Term Asset Fund (LTAF) structure to retail investors, a move that...
Reports suggest UK set to scrap MiFID client research ban
Reports have emerged suggesting that Chancellor of the Exchequer Jeremy Hunt is set to announce an...
UK investors put £632m into fixed income funds in May
Fixed income funds saw inflows of £356m into funds during May, while institutional clients pulled...
Investments Newsletter - June 2023
Investments monthly newsletter - June 2023
MPs scrutinise FCA over two-year Crispin Odey probe
The FCA is under pressure from MPs over its handling of misconduct allegations against the hedge...
Consumer Confidence Boosted By £2.8bn Invested In Funds In April
The Investment Association (IA) recently released its key findings for April 2023.
EIS investment into startups hits £2.5bn all-time high
The latest figures from HM Revenue & Customs (HMRC) show more private investors than ever backing...
Investments Newsletter - May 2023
Investments monthly newsletter - May 2023
UK Investors Poured £1.4bn Into Equity Funds In April 2023
UK investor confidence in equity funds has risen, as demonstrated by the net £1.4bn added to the...
Pridham Report: Fund sales show signs of recovery
Fund sales in the first three months of 2023 improved compared to the previous two quarters, the...
UK Venture Capital Falls To Pre-pandemic Levels
Venture capital investment in the UK tumbled back to pre-pandemic levels in the first three months...
The FCA To Introduce A New Principle & Code Of Conduct Rule
On 31st July 2023, the FCA will implement the Consumer Duty, which is intended to fundamentally...
Investments Newsletter - April 2023
Investments monthly newsletter - April 2023
Investors pull record £54bn from UK funds
Investors withdrew £53.9bn from UK funds in 2022, the biggest annual outflow ever, according to an...
European investors return to bond and equity markets
European investors have piled back into fixed-income and equity funds, with both asset classes...
European asset managers attract $54bn inflows in 2023 so far
European asset managers have seen inflows of $54bn so far in 2023, marking a reversal from 2022,...
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ESMA report finds EU MMF industry worth close to €1.5tn
EU financial markets regulator and supervisor ESMA has published its inaugural market report on EU...
Costs of retail investment products continue slow decline
EU financial markets regulator the European Securities and Markets Authority (ESMA) recently...
Investments Newsletter - March 2023
Investments monthly newsletter - March 2023
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Investment trusts have worst year since 2008
The closed-ended space had its worst calendar year since 2008, but Winterflood analysts are hopeful...
Consolidated VCT sector sees investment boom
The venture capital trust sector underwent a consolidation last year while managing to increase its...
Asset Managers Prepare For Staff Reductions & Streamlined Offerings
Asset managers have continued to record outflows, underperformance, and declining revenues in the...
European ETFs see 12% drop in AUM despite inflows
European ETFs saw $87bn in net new assets throughout 2022, despite seeing a drop in assets under...
Top performing funds fail to repeat success
Investors have been warned against chasing annual best performing fund lists, after new data...
Does Your Firm Need Help With Its Client Assets Arrangements?
The FCA’s client money and custody assets rules, known as CASS, have been a particular focus for...
Creating Or Advising On High-risk Products? You'd Better Read On
In August 2022, following its consultation (CP 22/2), the FCA published its Policy Statement 22/10...
Investments Newsletter
Investments monthly newsletter
Fewer UK active managers outperformed in 2022
A study by Hargreaves Lansdown has found that the proportion of UK active managers who outperformed...
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Investment trusts with biggest discounts in 2022
Investment trust discounts are at their highest level since the global financial crash in 2008, but...
UK fund flows record second positive month of 2022 in November
UK fund flows reached £389m in November 2022, the second month of positive flows for the year,...
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Equity fund flows fall to weakest in eight years
Outflows from equity funds reached £6.3bn in 2022, the lowest figure since 2014, with...
2022, the year that proved troubles come in threes
Managers of UK-focused investment trusts are optimistic for 2023. So says, Nick Britton, head of...
FCA Observes On How Firms Are Implementing ICARA Requirements
The FCA has published its initial observations on how firms are implementing its requirements for...
FCA Plans To Make Financial Advice More Accessible - Update
In November 2022, the FCA, as part of its consumer investment strategy, set out in its Consultation...
Investments Newsletter January 2023
Investments monthly newsletter January 2023
Industry Faces Mounting To-do List As Regulatory Equivalence Drifts
Regulatory teams face another tough year in 2023, as further divergence between the EU and UK...
Dividend payouts forecast to hit record highs in 2023
Total dividend payments from the FTSE 100 are forecast to hit a new record in 2023, with a...
Private markets to face reality check in 2023
The resilience of private markets is set to be tested as short-term woes permeate the space; but...
One in five sustainable funds falls short of SFDR standards
Almost 20% of Article 9 sustainable funds are breaching ‘do no harm’ standards, according to new...
Funds Delivering Top-quartile Returns Hit A New Low In Q3
According to Columbia Threadneedle Investments Multi-Manager FundWatch, the number of funds...
Investments Newsletter December 2022
Investments monthly newsletter December 2022
UK bonds see £1.3trn drop in value since start of 2022
A research report by Collidr Asset Management has found that, by late October, more than £1.3trn...
VCT fundraising behind schedule due to late offer openings
By October, venture capital trusts (VCTs) had raised fewer funds in the current tax year than in...
UK funds suffered largest outflows on record in September
According to Investment Week September saw the largest redemptions on record from UK focused funds,...
UK investors flee equity funds in record-breaking dash
UK equity funds saw the highest level of outflows on record during August, according to data from...
Retail Investors To Drive Wave Of Alternatives AUM Growth
A report by data provider Preqin suggests that private capital assets under management (AUM) are...
Review Of Senior Managers & Certification Regime Launched
In December 2022, the Chancellor of the Exchequer announced a set of reforms, referred to as the...
Portfolio Strategy Letter For Financial Advisers & Intermediaries
In December 2022, the FCA issued a portfolio strategy letter to the CEOs of financial advisers and...
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FCA reveals plans to make financial advice more accessible
In November 2022, the FCA, as part of its consumer investment strategy, set out in its Consultation...
FCA Fines Pembrokeshire Mortgage Centre Ltd £2.4m For Failings
In December 2022, FCA fined Pembrokeshire Mortgage Centre Limited (trading as County Financial...
FCA Proposes Stricter Regulations To Protect Consumers
In December 2022, the FCA proposed new measures to clamp down on illegal, unfair or misleading...
FCA Highlights Concerns About Problem Firms In The CFD Sector
On 1st December 2022, the FCA issued a Dear CEO letter to CFD providers outlining its expectations...
8th December 2022 Deadline - Stronger FCA Oversight Of ARs
In December 2021, the FCA issued a consultation paper, CP 21/34 on improving the appointed...
FCA review of stock trading app operators
The FCA has warned stock trading app operators to review design features in their apps, including...
Investments Newsletter November 2022
Investments monthly newsletter November 2022
Investors set to prioritise healthcare amid demographic shift
Healthcare is set to get a boost after the sector was identified as ‘significantly attractive’ by...
Demand for investment trusts remains resilient in Q2 despite market turmoil
Purchases of investment companies on adviser platforms remained resilient in the second quarter of...
Outflows slow to £129 million in July amidst continued uncertainty
UK savers took £129 million out of funds in July 2022, down from £4.5 billion in June, according to...
European fund selectors shift towards private markets
A new survey has found that 27% of fund selectors say that their firm is shifting investment...
Investors eye absolute return despite continued poor performance since Brexit
Uncertain market conditions and increased correlation between asset classes have more investors...
FCA about to clamp down on the marketing of high-risk investments to consumers
In August 2022, the FCA finalised, in its Policy Statement 22/10, stronger rules to help tackle...
TPR Deadline Nov 22
In its October 2022, regulation roundup, the FCA announced that EEA-based firms in the temporary...
Appointed Representatives 165 request Nov 22
In its October 2022, regulation roundup, the FCA reminded firms that new rules for Appointed...
Avoiding the pitfalls on the path to FCA authorisation
In February 2022, the FCA sent a letter to credit rating agencies outlining its view of risks in...
Investments Newsletter October 2022
Investments monthly newsletter October 2022
Global dividends reach record high in Q2
Recent figures from the Janus Henderson Global Dividend Index showed global dividends reaching a...
Flows into sustainable strategies slow as equities continue to suffer
Net inflows into sustainable strategies cooled during July, as broader equities continued a trend...
Funds see £4.5bn outflows in June amidst economic uncertainty
The Investment Association (IA) has reported that UK savers took £4.5bn out of funds in June, the...
Commodities and gold are the only assets showing positive returns
Commodities and gold were the only asset classes providing positive returns to Sterling investors...
Broadening retail access to the long-term asset fund
A recent FCA consultation, Consultation Paper CP22/14, could see Long Term Asset Funds (LTAFs)...
Dear CEO credit rating agencies
In October 2022, the FCA issued a Dear CEO letter in relation to its thematic findings on the...
FCA Consumer Investments Strategy - 1 year update
In Oct 2022, the FCA provided an update on its progress against the workstreams and outcomes that...
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FCA authorisations update October 2022
In October 2022, the FCA issued an authorisations update. This update covers the regulator’s...
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Market Watch 70
In its Market Watch 70, the FCA outlines some recent observations on the transaction reporting and...
Consumer Duty – information for firms
In October 2022, in an update intended to help firms implement the Consumer Duty, the FCA explained...
FCA Consumer Duty webinars
In September 2022, the FCA announced that it is hosting a series of sector-based webinars in...
Notice of upcoming FCA mandatory information request – Wealth Management & Stockbroking
In September 2022, the FCA provided advanced notice of a mandatory (section 165) information...
Critical Third Parties to the financial services sector
In August 2022, the Bank of England, the PRA and the FCA published a joint discussion paper, DP...
First Supervisory Notice to Morgan Ingram Associates Limited
In January 2022, the FCA publicised a First Supervisory Notice (FSN) issued to Morgan Ingram...
FCA issues online survey to principal firms of AR networks
In October 2021, the FCA issued an on-line survey to a sample of principal firms of AR networks....
Early and high growth oversight financial promotions webinar
The FCA’s Early and High Growth Oversight team within Authorisations is hosting a series of...
FCA launches its new Consumer Duty, with an initial milestone for firms in October 2022
In July 2022, the FCA confirmed in its publications PS 22/9 and FG 22/5 its plans to bring in a new...
FCA Redress Scheme and Dear CEO Letter – British Steel Pension Scheme
In December 2021, the FCA’s Board asked for a consultation to be prepared on a redress scheme under...
Advertising Standard Authority Ruling on the Golden Leaves
In August 2022, the Advertising Standards Authority (ASA) investigated two issues in relation to a...
FCA clamps down on marketing of high-risk investments to consumers
The FCA has finalised stronger rules to help tackle misleading financial promotions that may...
Financial promotions quarterly data 2022 Q2
The FCA has issued data, covering 1 April to 30 June 2022, concerning its most recent action...
FCA issues First Supervisory Notice on Colbourne & Company
On June 2022, the FCA issued a First Supervisory Notice imposing a number of restrictions on...
Permission Buster: A guide to the FCA authorisation process for investment firms
For financial institutions looking to become directly authorised as investment firms by the...
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Understanding the FCA’s Threshold Conditions - ComplyAdvantage blog series
Authorisation from the Financial Conduct Authority (FCA) is the most crucial step for early-stage...
Questionable practices by firms around reverse solicitation
The ESMA, the EU’s securities markets regulator, issued in Jan 2020 a Public Statement to remind...
UK Government to revoke EU financial regulations
In May 2022, the UK Government announced its plans to revoke EU financial services regulations and...
The FCA's investment platform costs and charges review May 22
The FCA believes that consumers should be able to easily identify and understand their investment...
FCA Early and High Growth Oversight approach
The FCA announced following a successful pilot with 32 newly authorised firms across a range of...
ESG investing – what are the regulatory options? - update
The increasing popularity of sustainable and responsible investing has resulted in regulatory and...
The Wholesale Markets Review
On 1 March 2022, HM Treasury published its response to its consultation on the Wholesale Markets...
FCA confirm changes to PRIIPs regulation
The FCA confirmed in its PS 22/2 certain changes to the Packaged Retail & Insurance-based...
FCA operational resilience (PS 21/3) - deadline 31 March 2022
The FCA published a shared final policy summary on requirements to strengthen operational...
FCA custody and fund services supervision strategy
In March 2022, the FCA issued a Dear CEO letter outlining its supervision strategy for custody and...
FCA consumer investments data review
FCA's 3rd consumer investments data review, covering the period from Apr to Sep 2021 and provides...
FCA Announcement and Dear CEO Letter – British Steel Pension Scheme
FCA’s Board asked for consultation on a redress scheme... for former members of the BSPS who...
Development of the Pensions Dashboard
FCA proposed, in its CP 22/3, new rules requiring FCA regulated pension providers to connect &...
FCA focuses on social media influencers
The FCA issued a financial promotions compliance update describing its action taken in 2021 against...
FCA Investment Firms Prudential Regime webinar recap
The Investment Firms Prudential Regime (IFPR) is the new prudential regime for FCA investment...
IFPR Exempt CAD MiFID firms FCA prudential category - January 2022 update
The Investment Firm Prudential Regime (the IFPR) is intended by the FCA to simplify and harmonise...
FCA Decision Notice against hedge fund for conflicts of interest failings
The FCA Supervision has also imposed a requirement on BlueCrest to pay redress to clients who have...
TCFD: FCA publishes finalised proposals on climate-related disclosure rules
TCFD: The FCA published in June 2021 new proposals on climate-related disclosure rules for listed...
Funeral plan regulation – December 2021 update
Funeral plan regulation: The FCA published on its website more information for funeral plan (FP)...
The Financial Ombudsman Service launches an action plan to change and improve consumer complaint handling
The Financial Ombudsman Service (FOS) plays a significant role in the UK’s financial system; since...
Restricting claims management companies’ charges for financial products and services claims
In November 2021, the FCA set out in its Policy Statement 21/18 new rules for claims management...
FCA plans to increase the minimum periodic fee for regulation
In November 2021, the FCA set out in its Consultation Paper 21/33 its plans to increase the fees...
Changes to UK MiFID firms’ conduct and organisational requirements
MiFID firms: In Nov 2021, the FCA announced, in its PS 21/20, changes intended to ensure that the...
Financial Ombudsman Service action plan: consumer complaint handling
Financial Ombudsman Service is intended to be a one-stop service for consumer complaints, providing...
Restricting claims management companies’ charges - financial products
In Nov 2021, the FCA set out in its PS 21/18 new rules for claims management companies (CMCs),...
Concerns over advice firms with claims management permissions
Concerns over advice firms with claims management permissions, in an article published in November...
FCA issues Policy Statement 21/16 to tackle consumer harm
The FCA issued in November 2021 its Policy Statement PS 21/16, Issuing statutory notices – a new...
FCA Authorisation - FCA issues PS 21/16 to tackle consumer harm
FCA Authorisation - The FCA issued in Nov 2021 its PS 21/16, Issuing statutory notices – a new...
Funeral plan regulation - November update
The FCA has published more information for funeral plan (FP) providers and intermediaries. The...
FCA proposes ban on debt packager referral fees to protect consumers
In November 2021, the FCA proposed, in its consultation paper CP 21/30, banning debt packager firms...
FCA Investment Firms Prudential Regime webinars
The Investment Firms Prudential Regime (IFPR) is the new prudential regime for FCA investment firms.
FCA publishes Discussion Paper DP 21/4 - labelling ESG Investment products
FCA publishes Discussion Paper DP 21/4 - labelling ESG Investment products
FCA publishes its six-monthly complaints data
FCA publishes its six-monthly complaints data
FCA sets out proposals to strengthen its financial promotion rules for high-risk investments
Following feedback to its Call for Input on Consumer Investments, the FCA has in April 2021...
FCA bans and fines financial adviser for lacking honesty and integrity
The FCA fines and bans Simon Varley from working in financial services for knowingly performing a...
FCA stops FXVC offering CFDs to UK customers
In Apr 2021 the FCA acted to stop Cyprus-based firm, Finteractive Limited (trading as FXVC), from...
ESG investing – what are the regulatory options?
ESG investing - In the not too distant past, environment, social and governance (ESG) and...
Finalised guidance for advising on pension transfers
New FCA guidance provides non-Handbook guidance to help advisers understand the expectations of...
24HR Trading Academy unlawfully advised on investments
In March 2021 the High Court delivered a summary judgement in proceedings commenced by the FCA,...
FCA publishes Decision Notice against Jon Frensham
The FCA published in March 2021 a Decision Notice in respect of Jon Frensham, an IFA and the sole...
FCA product governance review
The FCA’s MiFID II product governance review, the findings from which were published in February...
Key conduct risks for investment firms dealing with consumers
Investment firms: In Feb 2021, the FCA issued its annual Consumer Investments Data Review for 2020....
Regulatory due diligence: vital in acquiring an FCA-regulated business
A look back in time at payday lender Wonga’s 2018 demise serves as a reminder of how important...
The FCA confirms speculative mini-bond mass-marketing ban
The FCA has confirmed in its PS 20/15, issued in Dec 2020, its earlier proposals to permanently ban...
Review of adviser capital adequacy
The FCA is asking for details of outstanding FOS complaints & potential legal liabilities as part...