The FCA, PRA and Bank of England are to remove the £10,000 limit on compensation payments related to complaints about the regulators due to be implemented from 1 November.
Read more ...FCA avoids bullet as first 7-digit FRNs allocated
- Friday, 21 July 2023
- Articles
The Financial Conduct Authority has avoided potential trouble in identifying firms as it begins to allocate the first seven-digital Firm Reference Numbers (FRNs).
Read more ...FCA halts 30% more firms over past year
- Thursday, 20 July 2023
- Articles
The Financial Conduct Authority has halted business at 627 regulated firms in the past year to prevent consumer harm - 30% more than the previous year, according to its annual report and accounts
Read more ...FCA plans to regulate AI and big tech
- Friday, 14 July 2023
- Articles
The Financial Conduct Authority has outlined plans to regulate financial firms which use AI (artificial intelligence) and financial technology companies.
Read more ...2 in 3 Planners expect Consumer Duty boost
- Thursday, 13 July 2023
- Articles
Close to two thirds (61%) of Financial Planners believe pension and retail investment products will see a boost from the FCA’s new Consumer Duty.
Read more ...Chancellor unveils wave of pension reforms
- Tuesday, 11 July 2023
- Articles
Chancellor Jeremy Hunt unveiled a wave of pension and regulatory reforms in his Mansion House speech last night, going further than many expected.
Read more ...FCA warns crypto flouters could face prison from October
- Friday, 07 July 2023
- Articles
The FCA has warned cryptoasset promoters they could face up to two years in prison and unlimited firms if they do not comply with new rules on the marketing of crypto which - it has confirmed -will begin on 8 October.
Read more ...FCA warns asset managers on liquidity
- Thursday, 06 July 2023
- Articles
The Financial Conduct Authority has told asset managers to review liquidity management in their funds.
Read more ...FCA raises Planner firm fees by 8.9%
- Wednesday, 05 July 2023
- Articles
The Financial Conduct Authority has confirmed it will raise its funding requirement for Financial Planning firms by 8.9% to £94.6m in 2023/24.
Read more ...FSCS may be extended to Long Term Asset Funds
- Friday, 30 June 2023
- Articles
The FCA is consulting on new rules which would extend FSCS protection to retail investors investing in Long Term Asset Funds (LTAFs).
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