Tag: FCA

FCA publishes new rules on handling complaints about APP fraud
December 14, 2018 BY Valentina Kirilova

FCA publishes new rules on handling complaints about APP fraud

Last month, the Financial Conduct Authority (FCA) has contributed to the Payment Systems Regulator (PSR) paper on Authorised Push Payment Scams. Following a super-complaint by Which?, the consumer watchdog, the regulators found that receiving PSPs could do more to identify fraudulent incoming payments and prevent accounts from being compromised by fraudsters. The FCA has today published new rules allowing…

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FCA allows retail investors greater access to long-term investment opportunities
December 12, 2018 BY Valentina Kirilova

FCA allows retail investors greater access to long-term investments

Right after publishing its Quarterly KPIs, the Financial Conduct Authority (FCA) has informed the public that it is going to allow retail investors greater access to long-term investment opportunities. Christopher Woolard, Executive Director of Strategy and Competition at the FCA, commented: We are proposing changes to allow retail investors greater access to long-term investment opportunities.…

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FCA publishes its Quarterly KPIs, no clear trends indicative of firm responses to Brexit
December 12, 2018 BY Valentina Kirilova

FCA publishes Quarterly KPIs, no clear trends indicative of firm responses to Brexit

UK financial regulator Financial Conduct Authority (FCA) has published its Authorisations Quarterly Key Performance Indicators (KPIs) as at September quarter. These indicators provide key metrics on the performance of the FCA’s Authorisations Division, including authorisations, cancellations, variations of permission, change in control, and passporting. The latter seems to be of most interest these days due…

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FCA
December 10, 2018 BY Valentina Kirilova

FCA to make CFD restrictions permanent following ESMA proposals

Pan-European financial regulator ESMA has released its proposals to govern leveraged trading back in March. For its part, UK regulator the Financial Conduct Authority (FCA) stated that it supports ESMA’s application of EU-wide temporary product intervention measures. The FCA expected to consult on whether to apply these measures on a permanent basis to firms offering CFDs and binary…

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November 29, 2018 BY Valentina Kirilova

FCA publishes EU Withdrawal Impact Assessment

The Financial Conduct Authority (FCA) has announced today that it has published its EU Withdrawal Impact Assessment. The Treasury Select Committee requested the FCA to assess the impact of the UK’s exit from the EU across three areas: The UK leaves the EU without an agreement either on 29 March 2019 or after the transitional…

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FCA clarifies fairer treatment of regular premium PPI complaints
November 07, 2018 BY Valentina Kirilova

FCA clarifies fairer treatment of regular premium PPI complaints

The Financial Conduct Authority (FCA) has today issued final guidance that clarifies its expectations about the handling of certain regular premium payment protection insurance (PPI) complaints. The FCA is also proposing new rules requiring firms to write to around 150,000 consumers who had previously complained unsuccessfully to tell them they can make a new complaint and remind them…

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FCA clarifies fairer treatment of regular premium PPI complaints
October 24, 2018 BY Valentina Kirilova

FCA publishes PPI complaints deadline progress report

The Financial Conduct Authority (FCA) has today published an update on the progress of its payment protection insurance (PPI) consumer communications campaign and supporting supervisory work. The campaign has succeeded in increasing consumers’ understanding of PPI and how to check if they have had it, as well as awareness of the deadline for making complaints.…

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