05/17/2022
Irish central bank lays down new rules for BNPL providers
The Act introduces an interest rate cap of 23% APR on all credit agreements provided to the consumer.
05/16/2022
A US affidavit seen by Bloomberg News says a nest of offshore companies and a yacht broker helped obscure a superyacht’s true owner
05/16/2022
While the first two platform updates were not given a time stamp, paperless transactions are set to be in place by the end of this year.
05/16/2022
The assessment of the CII’s historic tax situation is still ongoing, but HMRC estimates the CII and PFS could face a £2.45m tax liability, latest accounts for the Institute show.
05/16/2022
A source told FTAdviser some firms are on variable pricing structures, which is putting further pressure on the provider to consolidate pricing.
05/16/2022
The idea is to bring all customers of Nucleus and James Hay to a similar pricing point.
05/16/2022
The FCA is consulting on its proposals in CP22/9 until 17 June with the aim of publishing proposed new rules in July.
05/16/2022
Neither Cavendish Incorporated nor Cottesmore Associates have ever been permitted by the FCA to provide regulated advice on investments.
05/15/2022
As brokers, you help consumers and businesses find the right insurance products they need, enabling them to safeguard against unexpected and unaffordable financial losses.
05/15/2022
The FCA refused the application to protect consumers from the risk of using a poorly overseen investment business.
05/15/2022
It is also possible in certain circumstances to share privileged material confidentially with outside parties
05/15/2022
The NIS 2 Directive also strengthens cybersecurity requirements imposed on the companies, addresses security of supply chains and supplier relationships and introduces accountability of top management for non-compliance with the cybersecurity obligations.
05/13/2022
The proposed directive will extend the application of certain rules in the CRD to financial services distance contracts.
05/13/2022
The updated Green Finance Strategy will take stock of progress so far and set out how the UK can better ensure the financial services industry is supporting the UK’s energy security, climate and environmental objectives.
05/13/2022
Since April 7, 2.2 billion francs had been newly reported while 3.4 billion francs blocked as a precaution, have been released.
05/13/2022
The introduction of MiFID II meant that rules were harmonised not only for member states but also for those firms with E.U clients.
05/13/2022
It dismissed his argument that the lower court had conducted proceedings in an inadmissible manner.
05/12/2022
It also highlights that there are no consumer protections for those who buy cryptoassets and NFTs, and that they are not protected under the Financial Services Compensation Scheme (FSCS).
05/12/2022
Although it cannot comment on individual products, the City watchdog said investors should be aware that the FCA does not have regulatory oversight over direct investments in cryptoassets and NFTs.
05/12/2022
Bailey was head of the FCA from 2016-2020, during which time it came to light that thousands of steelworkers had been misadvised to transfer out of their defined benefit pension scheme.