06/09/2023
Crypto-assets are not regulated, are highly volatile and therefore high risk and should only be invested in by sophisticated investors that understand the risk they are taking, not mass market investors.
06/09/2023
All cryptoasset firms marketing to UK consumers, including firms based overseas, will need to comply with the UK financial promotions regime from 8 October 2023.
06/08/2023
The FCA has been alive to this.
06/08/2023
Keen said: “The recent stats show that compound penalties around the million pound mark for breaching the UK’s export control laws are no longer uncommon.”
06/08/2023
Under the contractual agreement, Commerzbank is obliged to hand over a vacated building.
06/08/2023
The new rules come into effect as research from the FCA shows that the estimated crypto ownership has more than doubled from 2021 to 2022
06/08/2023
The appeals court fell well short of the 2019 first-instance ruling, which had ordered UBS to pay 4.5 billion euros.
06/07/2023
Scottish Building Society selected MSO to enable it to optimise efficiencies, adapt to changing market conditions and deliver intelligent and engaging customer experiences.
06/07/2023
Globally systemically important banks have more stringent capital requirements than their smaller counterparts, and the additional time gives UBS more leeway to manage the complicated transaction.
06/07/2023
Some firms have reportedly been asking clients to sign off their own risk level
06/06/2023
All 3 firms will now be required to ensure that consumers who accepted these unsolicited offers are treated in the same way as customers who did not.
06/06/2023
FCA is ‘seriously concerned’ that they ‘were not calculated’ in line with its guidance
06/06/2023
That agreement, which is one of the final pieces of the puzzle that needs to be completed for the takeover, is expected to be finalized tomorrow
06/05/2023
It will put a stop to the business model which incentivises debt packagers to recommend certain options that make them more money rather than what is in the customer’s best interest.
06/05/2023
This will further strengthen the regulatory regime that applies to insurers and the protection it offers to bought out members.
06/05/2023
It is established that £20m of the WHT reclaims made by MCM’s clients to the Danish tax authority (SKAT) were illegitimate.
06/02/2023
The ESAs also highlight that sustainability-related misleading claims can occur and spread either intentionally
06/02/2023
The regulator has given the go-ahead to prospectus and shareholder circular of the deal between Rathbones and Investec W&I to create a £100bn wealth giant.
06/02/2023
The consultation identifies four areas of tax compliance in which the rules are currently “not working as intended”
06/02/2023
Firms representing two thirds of the market in customer numbers have either left or suspended their activities, since the FCA first raised concerns in July 2021.