FCA tells EU to get on with reciprocal passporting
Financial Conduct Authority chief executive Andrew Bailey has told the European Union to “get on with it” and reciprocate passporting for UK firms during the implementation period.
Regulation
-
-
Woodford fails to disclose increased Russian holding
Woodford Investment Management has admitted it failed to disclose increases to its Raven Russia holding made over the last year, as it continues to add to the investment company in the wake of US sanctions.
-
Phoenix top as FCA complaints hit 3.8 million
Consolidator The Phoenix Group featured heavily in data from the Financial Conduct Authority that shows complaints about all financial services firms rose by 13% in the second half of 2017, driven by payment protection insurance (PPI) claims.
-
FCA to review preference shares after Aviva backlash
The Financial Conduct Authority (FCA) has agreed to review the preference share market following investor backlash from the Aviva “debacle,” which saw the insurer backtrack on its plans to cancel preference shares at par value.
-
FCA accused of failing to address fund manager pay
The FCA has been accused of failing to address fund manager pay in its asset management market study, despite remuneration being the largest source of costs.
-
Time to be bullish or bearish on tech?
Technology stocks have recently come under significant pressure, dragged down by the sharp fall in Faang stocks. But is the sector in a bubble that is about to burst or just going through a healthy correction?
-
Blackrock and Fidelity to weather credit negative FCA changes
Moody’s has described the Financial Conduct Authority’s (FCA) final rules and guidance for asset managers, announced last week, as credit negative for the industry, but said big players like Blackrock and Fidelity are best placed to navigate the changes.
-
Industry faces FCA fee hike as Brexit bites
Advisers and portfolio managers are facing a higher regulatory levy this year as the Financial Conduct Authority anticipates increased activity because of Brexit and Mifid II.
-
FCA steers away from pre-RDR trail commission ban
The Financial Conduct Authority (FCA) has “no immediate plans” to ban trail commission on legacy investment products, it has announced in a policy statement that looks to shake-up the asset management industry.
-
FCA unveils market study rules, but industry scrutiny continues
The Financial Conduct Authority (FCA) has today published final rules and guidance from its asset management market study, but its scrutiny of the industry continues with an additional consultation focused on fund objectives and benchmarks.
-
Gina Miller slams FCA’s silence on Mifid II breaches
The Financial Conduct Authority has been lauded for requiring managers to demonstrate value for money but Gina Miller has come down hard on the regulator for failing to toughen up on firms violating Mifid II cost disclosure rules.
-
FCA mulls disclosure changes in fees experiment
The Financial Conduct Authority (FCA) has said it will consider changing rules and guidance around fee disclosure in a paper examining the results of a behavioural investing experiment conducted with more than 1,000 non-advised investors.
