The Financial Conduct Authority (FCA) announced that has today fined Christopher Niehaus, a former investment banker, £37,198 for sharing client confidential information over WhatsApp. The FCA found that Mr Niehaus failed to act with due skill, care and diligence. The FCA found that Mr Niehaus, who was a managing director in the Investment Banking division…
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The Financial Conduct Authority (FCA) today announced that Tesco plc and Tesco Stores Limited have agreed that they committed market abuse in relation to a trading update published on 29 August 2014, which gave a false or misleading impression about the value of publicly traded Tesco shares and bonds. Tesco have agreed to pay compensation…
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The UK Financial Conduct Authority (FCA) has put out details of three new cloned firms: ReLoan UK, Pulse Finance, and Guaranteed Loans. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details…
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Just two days after appointing Nick Stace as a Non-Executive Director to its board, the Financial Conduct Authority Chairman, John Griffith-Jones, has announced the appointment of a new Chair for the FCA’s independent Smaller Business Practitioner Panel. Craig Errington, Group Chief Executive of specialist financial mutual Wesleyan, becomes Chair of the FCA Smaller Business Practitioner…
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The Financial Conduct Authority (FCA) today confirmed the appointment of Nick Stace as a Non-Executive Director to its board. The appointment, made by HM Treasury, is for an initial three year term starting 1 April 2017. Welcoming the appointment, FCA Chairman John Griffith-Jones said: One of the FCA’s key strategic objectives is to ensure we…
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The Financial Services Agency of Japan (JFSA) and the UK’s Financial Conduct Authority (FCA) have exchanged letters on a Co-operation Framework to support innovative FinTech companies. This Exchange of Letters between the JFSA and the FCA will provide a regulatory referral system for Innovator Businesses from Japan and the UK seeking to enter the other’s…
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The Financial Conduct Authority (FCA) has today published the first of its two consultation papers on the implementation of the Insurance Distribution Directive (IDD). The Insurance Mediation Directive (IMD) was introduced in early 2005 and was designed to encourage competition between insurance firms, as well as ensure appropriate levels of protection for customers, across the…
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The Financial Conduct Authority has today confirmed that it will introduce a deadline for making new payment protection insurance (PPI) complaints. The final deadline for making a new PPI complaint will be 29 August 2019. To encourage consumers to decide whether to act about PPI before the deadline, the FCA will run a two-year consumer…
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The Financial Conduct Authority (FCA) have today published their eighth data bulletin. This edition focuses on insights from the consumer contact centre, as well as the latest trends in the retirement income market. The consumer contact centre is the main point of contact for consumers of financial services firms who want to interact with the…
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Under a new Co-Operation Agreement, innovative FinTech businesses in Ontario and the United Kingdom will be able to seek support from their financial regulators as they seek to operate in the other’s market. Signed this week, the Agreement allows the Financial Conduct Authority (FCA) and the Ontario Securities Commission (OSC) to refer to one another…
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