Appeal costs force LCF victims to drop FSCS legal challenge
Losing could have resulted in a £600,000 bill for bondholders
Regulation
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FCA receives over 2,700 allegations of financial misconduct from whistleblowers
184 firms and individuals are under investigation by the watchdog
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Investors worry China crackdown may not be a ‘one-off’
Market cap of offshore tech sector has plunged 30% since regulatory scrutiny was stepped up
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FCA mulls changes to speed up and simplify decision making in wake of scandals
Follows criticism of its handling of misconduct, including London Capital & Finance and Woodford
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FCA must offer more guidance on future Priips performance narratives
‘Investment companies are still at a disadvantage in having to produce these toxic disclosures’
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FCA warns platforms to bolster IT systems after swathe of outages on Covid vaccine rally
Technical glitches last November caused harm to consumers and ‘negatively affected market confidence’
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FCA eyes shake-up of Priips regime
Mulls dropping performance scenarios to reduce ‘potentially misleading information being displayed’
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FCA warns fund groups over ‘poorly drafted’ ESG applications
Regulator has developed a set of guiding principles for asset managers
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FCA promise to do better receives lukewarm reception from industry
Little to disagree with in City Watchdog’s business plan – but ‘haven’t we heard many of these platitudes before?’ asks Gina Miller
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How can asset managers address their assessment of value issues?
What the FCA’s revealing AoV report says about governance failings and how they can be remedied
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FCA finds most fund managers falling short on value assessments
Findings effectively akin to a school report that concludes ‘unsatisfactory: must try harder’
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FCA proposes listing rules shake-up
‘These proposals are essential if we intend for the UK to continue to be a modern and dynamic market’
