Insider trading conviction highlights FCA market abuse crackdown – OUT-LAW.com

‘A recent criminal conviction secured by the Financial Conduct Authority (FCA) in a case of insider trading highlights the UK regulator’s intention to proactively crackdown on cases of market abuse – not just with criminal prosecutions but through the enforcement of regulation too, a former senior market regulator has said.’

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OUT-LAW.com, 23rd February 2024

Source: www.pinsentmasons.com

UK to legislate for cryptoasset regulatory regime – OUT-LAW.com

‘The UK government has confirmed that it will legislate for a new regulatory framework for cryptoassets.’

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OUT-LAW.com, 31st October 2023

Source: www.pinsentmasons.com

UK government to introduce new rules to restrict ‘de-banking’ – OUT-LAW.com

‘The UK chancellor has announced new rules to restrict the practice of ‘de-banking’ amid reports that some banks may have closed customer accounts because of their political beliefs.’

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OUT-LAW.com, 25th October 2023

Source: www.pinsentmasons.com

UK regulators’ diversity plans for finance industry – OUT-LAW.com

‘Plans by the UK’s two financial regulators to consider non-financial misconduct such as sexual harassment as grounds for regulatory action could pose difficult questions for firms, an expert has said.’

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OUT-LAW.com, 28th September 2023

Source: www.pinsentmasons.com

UK retail financial services set for biggest overhaul in 20 years – The Guardian

‘The biggest regulatory shake-up of UK retail financial services for two decades will come into force on Monday in an effort to crack down on rip-offs and poor customer service.’

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The Guardian, 31st July 2023

Source: www.theguardian.com

FCA proposes tougher rules for cryptoasset marketing – OUT-LAW.com

Posted June 16th, 2023 in advertising, cryptocurrencies, financial services ombudsman, news by tracey

‘The UK Financial Conduct Authority (FCA) has set out new rules on how cryptoasset firms can advertise their products, including a cooling-off period for first time investors.’

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OUT-LAW.com, 15th June 2023

Source: www.pinsentmasons.com

UK watchdog plans to shake up stock listing rules – BBC News

‘The UK’s financial watchdog has announced plans to shake up its rules in a bid to attract more companies to list shares on UK stock markets.’

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BBC News, 3rd May 2023

Source: www.bbc.co.uk

FCA set to regulate ‘buy now pay later’ payment products in UK – OUT-LAW.com

‘The UK government has published draft legislation which would bring the fast-growing “buy now pay later” (BNPL) industry within Financial Conduct Authority (FCA) regulation and bolster protection for consumers.’

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OUT-LAW.com, 17th February 2023

Source: www.pinsentmasons.com

Judicial review bid has implications for UK SIPP operators – OUT-LAW.com

‘A decision expected from the Court of Appeal in London could re-open the door for the courts to consider the scope of self-invested personal pension scheme (SIPP) operators’ due diligence obligations under Financial Conduct Authority (FCA) rules, and on their obligations to compensate customers where there have been failings, legal experts have said.’

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OUT-LAW.com, 17th February 2023

Source: www.pinsentmasons.com

FCA fines show focus remains on AML compliance – OUT-LAW.com

Posted January 16th, 2023 in banking, financial regulation, financial services ombudsman, fines, news by tracey

‘Recent fines issued to two banks by the Financial Conduct Authority (FCA) highlight the regulator’s continued focus on driving compliance with anti-money laundering (AML) requirements in UK financial services, an expert has said.’

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OUT-LAW.com, 13th January 2023

Source: www.pinsentmasons.com

FCA investigates Wise co-founder after tax default – The Guardian

‘The UK’s financial regulator is investigating the co-founder of payments company Wise after he failed to pay his taxes.

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The Guardian, 27th June 2022

Source: www.theguardian.com

Treasury plans crackdown on ‘misleading’ cryptocurrency ads – The Guardian

‘The government has unveiled plans to crack down on misleading cryptocurrency ads by making them subject to the same regulations as marketing for other financial products such as shares and insurance.’

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The Guardian, 18th January 2022

Source: www.theguardian.com

FCA wins appeal over action on Carillion collapse – Law Society’s Gazette

Posted November 1st, 2021 in appeals, company law, financial services ombudsman, insolvency, news by tracey

‘The Financial Conduct Authority does not need the permission of the insolvency court to take regulatory action against a company in liquidation, the High Court has ruled in a case concerning the “spectacular collapse” of construction giant Carillion.’

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Law Society's Gazette, 29th October 2021

Source: www.lawgazette.co.uk

Court refuses to block potential claim against solicitors over fees – Legal Futures

‘The High Court has refused to issue an order to prevent a high-profile collapsed company’s investors from trying in the future to reclaim the legal fees paid by its boss in defending him from a civil claim.’

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Legal Futures, 6th July 2021

Source: www.legalfutures.co.uk

Financial watchdog bans crypto exchange Binance from UK – The Independent

‘Britain’s Financial Conduct Authority (FCA) has stated that Binance, one of the world’s largest cryptocurrency exchanges, is not permitted to undertake any regulated activity in the UK.’

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The Independent, 27th June 2021

Source: www.independent.co.uk

Insurers must not penalise loyal customers, says FCA – BBC News

‘People renewing their home or motor insurance will pay no more than they would as a new customer from January. The new rules have been confirmed by the City regulator, the Financial Conduct Authority (FCA), following years of complaints.’

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BBC News, 28th May 2021

Source: www.bbc.co.uk

Social media sites warned over risky investment offers – The Guardian

‘The City regulator has warned social media sites that it may take action if they continue to promote risky and sometimes fraudulent investments to often inexperienced consumers.’

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The Guardian, 20th April 2021

Source: www.theguardian.com

City watchdog halts new business at Buy2LetCars – The Guardian

Posted February 22nd, 2021 in financial regulation, financial services ombudsman, news by tracey

‘The City regulator has halted new business at a company that promises bumper returns from a car hire scheme aimed at people with poor credit ratings, prompting a backlash from the firm at the “bizarre” decision.’

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The Guardian, 21st February 2021

Source: www.theguardian.com

FCA warning over ‘risky’ TikTok trading tips – BBC News

Posted February 8th, 2021 in financial services ombudsman, internet, news, shareholders by tracey

‘TikTok creators have been offering “risky” trading tips in the wake of the GameStop shares frenzy, a UK regulator has warned. The Financial Conduct Authority (FCA) said people should be wary of users “promising high-return investments”.’

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BBC News, 7th February 2021

Source: www.bbc.co.uk

FCA v Arch Insurance (UK) Ltd and others – St John’s Chambers

‘This short note summarises the key parts of the Supreme Court’s decision in this important test case, by which it allowed most of the FCA’s appeals against the decision of the Divisional Court and found largely in favour of policyholders.’

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St John's Chambers, 21st January 2021

Source: www.stjohnschambers.co.uk