The FCA has begun High Court proceedings over an alleged unauthorised investment scheme involving consumer investments of more than £23m in static homes.
The FCA has this week stripped permission to carry out regulated business from a West Yorkshire-based claims management company called Fair Return Legal Services Limited (FRN 838208).
Half (48%) of financial advisers expect the more relaxed regulatory framework brought about by Targeted Support to be an opportunity to attract new clients in the next 18 months, according to a new report.
I don’t think I was the only one a little surprised by the Chancellor’s decision this week to order a significant review of at least part of the Consumer Duty, which was only fully introduced in 2023.
Two individuals have been arrested on suspicion of money laundering and running an illegal cryptoasset exchange.
The Financial Conduct Authority has fined Barclays Bank UK PLC and Barclays Bank PLC a total of £42m for major failings in their financial crime risk management including one relating to collapsed wealth manager WealthTek and one relating to Stunt & Co.
The FCA and Financial Ombudsman Service are to ‘modernise the financial redress system’ to closer align their complaint processes.
The FCA and PRA have proposed changes to the Senior Manager Certification Regime (SMCR) ahead of expected legislative changes to the requirements.
The FCA is to go ahead with moves to encourage more retail investment in companies' capital raising by cutting red tape.
A total of 43 FCA staff were paid more than £200,000 each last year, analysis of the regulator’s annual report by Financial Planning Today has revealed.
The sheer scale of the financial scams and cons facing the UK came home to me this week with the publication of the FCA’s latest report on the many suspect financial promotions it had tackled over the past year.
The FCA suspended, removed or blocked more than 1,600 websites last year where it suspected them of promoting financial services products and services without permission.
The Financial Conduct Authority it to review its client categorisation rules to ‘unlock more opportunities for wealthy investors’.
Partly-regulated crypto asset provider Ziglu Limited has entered special administration following FCA intervention.
Challenger bank Monzo has been fined £21,091,300 for inadequate anti-financial crime systems and controls between October 2018 and August 2020.
Two individuals have been sentenced to a combined 12 years in jail for their roles in a £1.5m crypto fraud.
A former analyst at asset manager Janus Henderson and his sister have been jailed for a combined 11 years for insider dealing and money laundering which netted them more than £1m.
The Financial Conduct Authority is expecting to have spent over £5.5m on its advice guidance boundary review by April 2026.
The FCA has launched a consultation on plans to make serious bullying and harassment in financial firms a misconduct offence.
FCA fines are on course to hit their lowest annual total since the regulator was created in 2013, according to new analysis.
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