financial-conduct-authority
UK Court Dismisses Lawmakers' Case Against Fca Over Bank Redress Scheme
FinanceBarclays Loses UK Motor Finance Challenge as Redress Looms
Top StoriesUK Watchdog Urges Supreme Court to Act as $21 Billion Motor Finance Scandal Looms
Top StoriesBritain’s Insurers Told to Demonstrate Better Value for Customers
Britain Sets Out Marketing Rules for EU Investment Funds in the UK
Date: December 4, 2023
Britain sets out marketing rules for EU investment funds in the UK By Huw Jones LONDON (Reuters) -Britain proposed on Monday permanent, post-Brexit rules for investment funds from the European Union that want to continue marketing themselves to retail investors in the UK, including spelling out limitations to compensation. After Britain left the EU, it...
UK Investment Advisers Face Capital Hike to Cover Compensation Costs
Date: November 29, 2023
UK investment advisers face capital hike to cover compensation costs By Huw Jones LONDON (Reuters) -Investment advisers in Britain should hold extra capital to cover compensation costs, regulators proposed on Wednesday, in a bid to put a lid on the rising bill for bad advice. Firms regulated by the Financial Conduct Authority are already required...
Metro Bank, Former Top Bosses Fined Over Reporting Error
Date: December 12, 2022
By Iain Withers LONDON (Reuters) – British challenger bank Metro and two of its former executives have been slapped with fines by regulator the Financial Conduct Authority, over reporting errors that wiped hundreds of millions of pounds off its share value in 2019. The Financial Conduct Authority said on Monday it had fined Metro Bank...
UK Regulator’s Head of Enforcement to Step Down in 2023
Date: October 19, 2022
By Kirstin Ridley and Carolyn Cohn LONDON (Reuters) -Mark Steward, head of enforcement at Britain’s Financial Conduct Authority (FCA), is stepping down in early 2023 and a global search for his successor will begin shortly, the markets watchdog said on Tuesday. Steward, one of the last members of the old executive team at the FCA...
A Pivotal Moment for the Future of Crypto-Asset Payments in the UK
Date: May 9, 2022
By Joaquin Ayuso de Paul, Head of Nium Crypto Around the world, cryptocurrencies are coming under regulatory pressure, but some exciting developments have come out of the UK in the past few weeks. The British Treasury announced that it intends to bring stablecoins under the Financial Conduct Authority’s (the UK regulator) remit if used for...
Britain Sets Out post-Brexit Blueprint for Investment Funds Sector
Date: February 11, 2022
By Huw Jones LONDON (Reuters) -Britain’s finance ministry set out its stall on Thursday for reforming the 11 trillion pound ($15 trillion) investment funds sector following Brexit, saying it will simplify how the industry is taxed. Britain is a global centre for managing funds, but many of them are listed in EU centres such as Luxembourg...