The Financial Conduct Authority (FCA) has refused to authorise a business set up by two directors at international IFA firm Strabens Hall, saying the attempt had the “hallmarks of phoenixing”.
The Financial Conduct Authority (FCA) has appointed Megan Butler permanently to director of supervision – investment, wholesale and specialists (SIWS).
Former Investment Association chief Daniel Godfrey has been hired by the Financial Conduct Authority on a consultancy basis, a spokesperson said.
Incoming Financial Conduct Authority chief executive Andrew Bailey appears to have put financial services firms on notice that they can expect significant change under his regime.
The UK’s Financial Conduct Authority (FCA) has blacklisted a number of firms it believes are providing financial services without authorisation.
The Financial Conduct Authority (FCA) has warned financial advisers in the UK to stop attending hospitality events such as rugby matches, often put on by investment firms looking to sell them products, as it may create conflicts of interest.
Tracey McDermott, acting chief executive of the UK’s Financial Conduct Authority (FCA), is to leave the organisation on 1 July 2016.
The FCA’s ‘regulatory sandbox’ initiative can play an important part in helping firms get new ideas to market more quickly, said Christopher Woolard, FCA director of strategy and competition.
The Financial Conduct Authority has gently warned asset managers that they need to be clear in product descriptions and manage funds in line with stated strategies, following a review.
The Financial Conduct Authority is to crack down on pension-related investment scams as one of its main priorities for the coming year.
The Financial Conduct Authority has increased the scrutiny it is placing on the investment industry with particular regard to conflicts of interest and expenditure of client money.
In further industry reaction, a number of key players in financial services have reacted positively to the FAMR report’s positioning in favour of a fee-based only RDR regime, with no re-introduction of commission as remuneration for financial advisers.
