FCA issues warning regarding unauthorized FX broker GMT Markets LeapRate

March 25, 2015 BY Maria Nikolova

FCA issues warning regarding unauthorized FX broker GMT Markets

The Financial Conduct Authority (FCA) has earlier today issued a warning regarding unauthorized Forex broker GMT Markets Limited. The company, which offers its services via www.gmtmarkets.com, gives two contact addresses in the UK: 1) Universal house, 88-94 Wentworth st. London, E17SA, UK; and 2) Hackwood Building, 14 Hackwood Street, Robertsbridge, East Sussex, TN32 5ER. At…

March 25, 2015 BY Maria Nikolova

Payment Systems Regulator to start oversight of £75 trillion UK payment systems industry

April 1st seems to be a landmark date for UK financial regulation – in 2013, the first day of April saw the Financial Conduct Authority and the Prudential Regulation Authority appear. This year the date also will have particular significance for the financial services sector, for the payments industry in particular. The Payment Systems Regulator…

March 04, 2015 BY Maria Nikolova

FSCS issues update for Alpari (UK) clients on claim agreement process

An update to clients of insolvent retail Forex broker Alpari (UK) Limited appeared earlier today on the Financial Services Compensation Scheme (FSCS) website. The announcement would be of interest to those (former) clients of the broker that decide to make a separate claim for compensation to FSCS. Those clients should explicitly state their intention to…

December 24, 2014 BY Andrew Saks-McLeod

FCA wants to regulate more benchmarks including London closing spot rate. What does the industry think?

Following the recent cases in which firms have been censured for LIBOR and FX rate manipulation, the FCA is seeking industry perspective with regard to regulating 7 more benchmarks including WM/Reuters (WMR) London 4pm Closing Spot Rate

Tag: UK forex regulation