FCA bans director for not disclosing conflict of interest
Initial fine slashed to £20,000 from £154,000
FCA
-
-
FCA seeks feedback on patient capital in retail funds
Budget 2018 sought to reduce barriers to investing in illiquid UK growth businesses
-
What impact will senior manager changes have on insurers?
All dual-regulated insurance firms now fall under the UK’s Senior Managers and Certification Regime (SMCR)
-
UK regulator hitting individuals with bigger fine
FCA denies changing tactics as total value of penalties drops 88% in 2018
-
FCA proposes rule change for ‘inherently risky’ products
The regulator is concerned about the ‘poor conduct’ of firms selling binary and CFD products
-
Half of pension transfer advice still not suitable
FCA: ‘It is unacceptable that pension transfer advice should persistently remain at such a low level in comparison to investment advice’
-
British pensioners think they are too savvy to fall for scams
But victims lost an average £91,000 each in 2017
-
UK investment fraudster jailed for five years
Friends and acquaintances invested nearly £3m in the ‘appalling’ scam
-
FCA takes legal action against pension firm
The regulator said Avacade conducted ‘regulated activities’ without permission and ‘misled’ clients
-
Tribunal backs FCA decision to fine Keydata pair millions
Keydata’s chief executive and sales director found to have ‘acted without integrity’
-
UK launches agency to fight economic crime
Launch of National Economic Crime Centre aims to prevent criminals benefiting from illicit finances
-
Hong Kong and UK regulations clash
Some retail funds in Hong Kong do not meet UK requirements for local distribution under new agreement