Advising: FCA Register Part 4A

Of relevance to: Firms whose activities include ‘advising on investments’ The FCA has issued a reminder to those firms whose Part 4A Permission permits them to undertake the activity of ‘advising on P2P agreements’ and who do not undertake that activity. As was mentioned in Regulatory Roundup 75 (‘Advising: FCA [...]

Read More

Advising: FCA Register

Of Relevance to: ‘Firms whose activities include ‘advising on investments’ Advising: FCA Register As mentioned in Regulatory Roundup 74, firms that had the activity of ‘advising on investments’ under the ‘Permission’ section of their entry on the Financial Services Register as at 6 April will now find that they have [...]

Read More

Client Money: Loan-Based Crowdfunding

Of Relevance to: Firms advising on P2P agreements; all firms undertaking ‘advising on investments Client Money: Loan-Based Crowdfunding The proposed changes to CASS to allow firms to hold money in relation to both P2P agreements (CASS protection) and business to business agreements (falls outside of CASS protection) without breaching CASS [...]

Read More

The Innovative Finance ISA

From 6th April 2016 the FCA rulebook will be changing to pave the way for the new Innovative Finance ISA (“IFISA”) which is part of the Government plan to allow loan-based crowd funding, often called peer-to-peer (“P2P”), to be included in ISAs. CP16/5 sets out details of the likely changes [...]

Read More