The FCA has published rules on how it will apply its accountability regime – aimed at improving professional banking standards – to overseas banks and Solvency II firms operating in the UK.
Investors into troubled overseas property company Harlequin have been asked to come forward and give evidence to assist the Serious Fraud Office in the final stages of its criminal investigation.
Advisers will not be required to tape face-to-face meetings with clients when the Markets in Financial Directive II (MiFID II) is introduced in January 2017, the Financial Conduct Authority has confirmed.
The majority of UK-based advisory firms receive most of their recurring revenue from fees, a sure sign that many have made significant changes to their business models in the run up to next year’s ‘sunset’ deadline.
The Financial Conduct Authority (FCA) has announced two senior appointments as part of an ongoing reshuffle following the sacking of its chief executive Martin Wheatley.
Advisory firms should not “rule by fear” and put undue pressure on staff if they underperform against sales targets, the Financial Conduct Authority has said in new guidance issued on Monday.
More than two thirds of the £3.2m in compensation owed to investors of Hartmann Capital has been paid out after the firm was shut down by the Financial Conduct Authority for having a £1.5m shortfall in clients’ money.
A group of investors into a troubled life settlements fund has had its claim against the FCA and the UK Government rejected by the European Court of Human Rights.
The independent panels of the FCA have questioned the regulator over its handling of the UK advice gap created following the banning of commission payments to advisers in 2012 as a result of the Retail Distribution Review.
The surprise departure of Martin Wheatley as head of the Financial Conduct Authority could be an opportunity for the UK regulator to refocus activity on small-scale fraudsters who target the unsophisticated retail investor, says City law firm RPC.
The head of the UK’s Financial Conduct Authority, Martin Wheatley, has resigned as chief executive with effect from 12 September.
A software provider has unveiled a new version of its complaints management programme to help UK advisory firms stay compliant to continually changing regulations.
