Tag: Financial Conduct Authority

Regulation
August 09, 2017 BY Valentina Kirilova

FCA’s decision to fine and ban Charles Palmer former CEO of Adviser Network upheld

On 8 August 2017, the Upper Tribunal upheld the Financial Conduct Authority’s (FCA) decision to ban Charles Palmer, former CEO of Financial Limited and Investments Limited (“the Firms”), from performing FCA significant influence functions. The Tribunal also upheld the FCA’s decision to impose a financial penalty of £86,691 on Mr Palmer. Mr Palmer was the…

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July 26, 2017 BY Valentina Kirilova

FCA appoints Maggie Craig as Head Of Department, Scotland

The Financial Conduct Authority (FCA) has today announced the appointment of Maggie Craig as the Head of Department, Scotland. Head of Department Scotland is a new role created to take forward the FCA’s presence in Scotland. Craig will be focused on developing this approach and contributing to Scottish aspects of FCA policies. Maggie Craig joined…

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FCA
July 17, 2017 BY Valentina Kirilova

FCA sets out scope of Investment Platforms Market Study

The Financial Conduct Authority (FCA) has today published the Terms of Reference for the Investment Platforms Market Study, which sets out the scope and topics that will be covered. Investment platforms are increasingly used by consumers and financial advisers to access retail investment products and to manage investments. The platform market has steadily grown over…

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FCA regulatory sandbox FinTech WFE
June 15, 2017 BY Valentina Kirilova

FX providers advancing to Cohort 2 of the FCA’s Regulatory Sandbox include Assure Hedge, OKLink, ZipZap

The Financial Conduct Authority (FCA) today provided an update on its regulatory sandbox and unveiled the list of firms that were successful in their applications to begin testing in the second cohort of the sandbox. The regulatory sandbox allows businesses to test innovative products, services, business models and delivery mechanisms in a live environment while…

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fca warning
May 16, 2017 BY Valentina Kirilova

FCA warns against Security Capital Consultants firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Security Capital Consultants. Security Capital Consultants is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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clone firm FCA warning
May 15, 2017 BY Valentina Kirilova

FCA warns against We.Insure clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm We.Insure. 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 as part of their tactics to scam…

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fca warning
May 12, 2017 BY Valentina Kirilova

FCA warns against Clayton Wealth Advisory firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Clayton Wealth Advisory/ Clayton Worth Advisory / Clayton Wells. Clayton Wealth Advisory/ Clayton Worth Advisory / Clayton Wells is not authorised by the FCA but has…

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April 26, 2017 BY Valentina Kirilova

FCA publishes first set of data under new complaints rules

The Financial Conduct Authority (FCA) has published data on the number of complaints reported by firms under new rules which came into force on 30 June 2016. The total number of complaints reported by firms in the second half of 2016 was 3.04 million. This number is higher than previous reporting periods because under the…

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April 07, 2017 BY Valentina Kirilova

FCA fines two former Worldspreads Limited (WSL) employees for market abuse

The Financial Conduct Authority (FCA) has banned and imposed financial penalties on two former Worldspreads Limited (WSL) employees. WSL, which operated a spread betting business, collapsed in March 2012. The FCA has fined WSL’s former Chief Financial Officer, Niall O’Kelly, £11,900 and former Financial Controller, Lukhvir Thind, £105,000, for engaging in market abuse and permanently…

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