FCA report highlights failures in ACD market
Weaknesses found in governance structures, conflicts of interest management and operational controls
Regulation
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Redress for victims ‘impossible’ under FCA compensation changes
Activist Gina Miller files complaint against regulator over reforms to its scheme
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FCA accused of senior managers regime hypocrisy
Critical LCF report alleges watchdog has not met the standards ‘which it seeks to impose upon others’
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FCA frets as number of Brits holding cryptoassets hits 2.3 million
Only 7% of IFAs would recommend their clients invest in digital currencies
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Patience wearing thin with FCA’s snail-like progress two years on from Woodford fund suspension
City watchdog must ‘recognise its own failings in this saga and not just act as judge, jury and executioner’
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FCA: Don’t expect answers on collapsed Woodford fund before year end
Regulator claims to have made ‘substantial’ progress on investigation
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FCA takes adviser to court over defrauding creditors
He is also accused of carrying out regulated activities without authorisation
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FCA sets out stronger protection rules for retail investors
Firms will have to follow the guidance or ‘face regulatory action’
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Investors sceptical FCA LTAF proposal is the panacea for property fund liquidity mismatch
‘It is the investing behaviours that need to change more so than the investment structure’
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FCA needs more time to decide fate of open-ended property funds
Wants to factor in feedback to proposals for a long-term asset fund for accessing illiquid assets
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FCA set to impose tougher rules for high-risk investments
‘We have already taken action by banning the mass-marketing of speculative mini-bonds’
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Fund boards not changing tack on performance in value assessments despite backlash
54% of independent NEDs admit there has been no significant changes to how they discuss performance
