FCA News and Updates
St James’s Place advisers exit network as shares fall on client asset concerns
Pressure is building on St James’s Place as two large advisory firms leave its network and another weighs a similar move. The departures involve more than £2bn of client assets and add to ...
UK BNPL providers face tighter checks as new FCA rules may curb access
Britain’s £14bn buy now, pay later market enters a regulated phase on Wednesday as lenders begin stricter checks on borrowers’ creditworthiness and loan affordability. Consumer groups warn ...
UK regulators propose captive insurance regime to boost insurance sector competitiveness
The UK is moving to attract more captive insurance business as regulators open consultation on a bespoke framework for company-owned insurers. The proposed regime is designed to support economic ...
UK regulators advance crypto framework as stablecoin rules ease
After years of caution, the UK is now moving closer to a more workable regulatory framework for digital assets. Recent steps by the Financial Conduct Authority and the Bank of England point to ...
UK takeover market cleanliness worsens as suspicious trading hits record 41%
Heightened merger activity in the UK is coinciding with a fresh rise in potentially suspicious share trading before takeover announcements. The pattern adds pressure on the Financial Conduct ...
FCA charges former Goodwin Procter lawyer over Seraphine insider trading case
Britain's financial regulator has charged a former London-based M&A lawyer over trades linked to Seraphine Group before the maternity wear company was taken private. The case adds to scrutiny ...
UK financial regulator weighs expanding AI oversight to large language models
Britain is reassessing how artificial intelligence fits within financial regulation as consumers increasingly use chatbots for money decisions. The review raises the prospect that general-purpose ...
UK wealth managers face pressure to simplify fee disclosures
Fee transparency remains a contested issue in the UK wealth management market as regulators push firms to make investment costs easier for clients to understand. The debate intensifies after the ...
FCA tightens UK investment disclosure rules and bans fee ‘double-dipping’
UK investment firms are facing tougher conduct standards as the regulator pushes for clearer customer information and fairer charging practices. The measures also increase pressure on providers of ...
Bank of England and FCA move to tighten oversight of payment stablecoins
The Bank of England and the Financial Conduct Authority have outlined how they plan to supervise stablecoin issuers that become important enough to pose risks to the UK financial system. The ...
UK tightens investment trust rules after Saba Capital challenge
Britain's investment trust sector is facing tougher governance standards as regulators move to address shareholder control concerns in listed closed-end funds. The proposed changes follow Saba ...
UK proposes investment trust listing rule changes amid activist pressure
Britain is proposing changes to listing rules for investment trusts as scrutiny grows over how activist investors can influence boards and strategy. The consultation, open until August 16, is ...
CACEIS UK agrees voluntary £31.7 million payment over WealthTek client asset failures
WealthTek customers are set to receive additional compensation after the collapsed wealth manager’s former sub-custodian bank reached a settlement tied to alleged control failings. The payment ...
CACEIS UK to make £31.7 million payment after FCA censure over WealthTek control failures
WealthTek clients are set to receive further compensation after regulatory action over weaknesses in safeguards around their assets. The case adds £31.7 million to a broader recovery effort that ...
FCA plans to end Essex Boys probe after traders offer £1mn charity payment
Britain's financial regulator is moving to close a competition investigation into a group of self-employed oil traders over alleged co-ordination during the 2020 oil market crash. The proposed ...
UK crypto policy divide slows market development
Britain's push to become a crypto hub is being held back by a gap between regulatory ambition and day-to-day implementation, according to former Financial Conduct Authority policymaker Isadora ...
FCA traders offer £1m payment to settle commodity competition concerns
Britain's financial regulator is consulting on proposed commitments from 11 commodity futures traders after an investigation into possible coordination and information sharing. The package ...
Drax investigation closed by FCA after review of market disclosures
The Financial Conduct Authority has ended its investigation into Drax Group PLC after examining the company's disclosures on the sustainability of its Canadian biomass. The regulator says it finds ...
UK small and mid-cap equity research shows signs of recovery in Extel survey
Nearly a decade after MIFID II reshaped how broker research is paid for, the UK small and mid-cap equity analyst market remains much smaller than it once was. The latest Extel rankings suggest the ...
FCA urges later life lending expansion as UK retirement funding pressures grow
Housing wealth is becoming a bigger part of how many people may finance retirement in the UK, yet later life lending remains underused and is still often viewed as a last resort. The Financial ...
Rathbones halts high-risk client investments as compliance review threatens nearly £1bn in inflows
Rathbones is suspending some activity involving higher-risk clients after a compliance review linked to regulatory scrutiny, adding pressure to the UK wealth manager’s growth outlook. The ...
