On 6 July 2021, the FCA published a review of 18 fund managers between July 2020 and May 2021, covering different business models and sizes, and found most had not […] [...]

In July 2021, the Financial Action Task Force (FATF) issued recommendations on Opportunities and Challenges of New Technologies for Anti-Money Laundering/Countering the Financing of Terrorism. New technologies can improve the […] [...]

The Bank of Russia published a list, 1st June 2021, of over 1,800 organisations and internet projects, where they have “identified signs of a financial pyramid, an illegal creditor or […] [...]

Written by Mike Dalmiras – Consultant The implementation of the new Investment Firms Prudential Regime (IFPR) is at the top of the UK regulatory agenda for this year. The new […] [...]

On 26 April 2021, the Global Anti-Corruption (GAC) sanctions regime was established via The Global Anti-Corruption Sanctions Regulations 2021. The primary legislation underpinning the Regulations is the Sanctions and Anti-Money […] [...]

On 6 May 2020, following a trial, the High Court ordered the payment of nearly £3.62 million in restitution to members of the public who bought shares that were promoted unlawfully. The […] [...]

The Investment Firm Prudential Regime (IFPR) introduces a new prudential regime for MiFID investment firms regulated by the FCA. It will create a single, proportionate regime that reflects firms’ size and […] [...]

On 20 April 2021, the FCA announced that it would publish its 2021/22 Business Plan in July, rather than April. The Business Plan will be published alongside its 2020/21 Annual […] [...]

On 29 April 2021, following feedback to its Call for Input (CFI) on Consumer Investments, the FCA has published proposals to strengthen its financial promotion rules for high-risk investments to […] [...]

On 30 April 2021, the FCA launched a consultation on proposed changes to its Listing Rules for certain special purpose acquisition companies (SPACs). In CP21/10, the FCA proposes amending rules […] [...]

On 15 April 2021, the FCA banned Simon Varley from working in financial services and fined him £68,300 for knowingly performing a controlled function without approval and for providing investment […] [...]

On 23 April 2021, the FCA published a new webpage on climate change and sustainable finance. The FCA states that its sustainable finance strategy is based on 3 themes: Transparency […] [...]

On 22 April 2021, Charles Randell, Chair of the FCA, gave a speech to the Finance & Leasing Association. The highlights were: To be effective in the new world of […] [...]

On 13 April, the FCA published a speech delivered by Nausicaa Delfas (Executive Director of International and Interim Chief Operating Officer) on regulating the UK as a global financial centre. […] [...]

On 26 April 2021, the FCA published a speech delivered by Mark Steward (Executive Director of Enforcement and Market Oversight) on 31 March 2021, on compliance, culture and evolving regulatory […] [...]

written by William Jamieson – Manager, Regulatory Services. The COVID-19 Pandemic demonstrated two things. First, we humans are relatively good at adapting to changed circumstances and trying to carry on […] [...]

Written by Peter Wilson – Manager Appointed Representatives (ARs) are a common way for principal firms to grow their business without the need to go through the sometimes costly and […] [...]

Speaking at the Personal Investment Management & Financial Advice Association (Pimfa) Virtual Fest V2, FCA director of life insurance and financial advice Debbie Gupta the FCA admitted that admitted the […] [...]

On 16 March 2021, the FCA announced that it has commenced criminal proceedings against National Westminster Bank Plc (NatWest) in respect of offences under the Money Laundering Regulations 2007 (MLR […] [...]