12/08/2023
FCA slams financial promotion exemptions for HNW individuals
Regulator says the exemptions result in consumer harm
Legal, Regulation & Compliance
12/08/2023
Sector welcomes advice guidance proposals
The proposals come following the FCA and the government’s joint advice guidance boundary review.
12/08/2023
London Capital & Finance scars raise risk concerns over LTAFs among MPs
Review of Edinburgh Reforms a year on
12/08/2023
Consistency, not speed is more important to save the City from stagnation
Many of the changes badged as Edinburgh Reforms were already in progress, but newly packaged under one heading.
12/08/2023
FCA admits targeted support proposal may advantage larger firms
This morning the regulator published proposals for reforming the advice-guidance boundary.
12/07/2023
Scammers looking to exploit financial stress at Christmas, FCA warns
With financial pressure building and more looking to borrow, the FCA is concerned stretched households could be vulnerable to loan fee fraud.
12/07/2023
FCA publishes update on the cash savings market
Deposits held in fixed-term and notice accounts increased by £17bn.
12/07/2023
FCA decides not to take action against Blackmore Bond promoters
Blackmore Bond was set up in 2016 and, until 2018, ran an investment scheme where potential clients were offered mini-bonds with an attractive level of interest.
12/06/2023
FCA to require investment advisers to set aside funds for redress liabilities
The proposals require firms to quantify an overall amount for all the potential redress liabilities they have identified, and to set aside sufficient capital resources to cover these liabilities.
12/06/2023
British Steel-linked advice firm goes under FSCS investigation
Inspirational Financial Management entered administration in November
12/06/2023
SFO confiscates over £450,000 from CEO and a senior executive behind global finance fraud
The SFO’s investigation into Louise Worsell is ongoing.
12/05/2023
FCA seeks views on regulatory approach for overseas funds
The regime supports the existing global operating model of asset managers, facilitates greater consumer choice, while also maintaining existing high standards.
12/05/2023
Commission approves re-introduction of market conform asset protection scheme for banks in Greece
The scheme aims at assisting banks in securitising and moving non-performing loans off their balance sheets.
12/05/2023
Nucleus Wrap customers to benefit from another cut to standard platform charge
The rate cut is effective from 1 December and is the second major investment in reducing price for customers in the last 18 months.
12/05/2023
Global regulatory update Q3 2023
Those updates covered a range of topics from environmental, social, and corporate governance to digital assets, anti-money laundering, counter-financing of terrorism and changes to several major regulations.
12/05/2023
FCA sets out credit information market improvements
Issues included significant differences in data between CRAs and that consumers lacked awareness of how to access and dispute credit information.
12/04/2023
UK Lawmakers Still Not Sold on Digital Pound
The Bank of England and the country’s finance ministry are hoping to have a digital pound in circulation by 2030, joining a host of other countries aiming to launch a central bank digital currency (CBDC).
12/04/2023
Digital asset manager receives Finma license
The company continues that the approval process was time-consuming and was carried out on its own initiative.
12/01/2023
Shoosmiths wins prestigious ‘UK Law Firm of the Year’ award for ‘clear strategy’ and ‘measurable differences’
Shoosmiths’ CEO, David Jackson, said: “We’re absolutely thrilled to have been recognised by this prestigious accolade.”
12/01/2023
Statement on communications in relation to PRIIPs and UCITS
These actions should give investment companies greater ability to explain their costs and charges to help consumers make better informed investment decisions.