analysis applause for fca over ucis
The ban on promoting Ucis schemes introduced by the FCA earlier this week has gone by without so much as one man protesting outside the FCA’s headquarters holding a ‘Paint slogan here’ placard.
The ban on promoting Ucis schemes introduced by the FCA earlier this week has gone by without so much as one man protesting outside the FCA’s headquarters holding a ‘Paint slogan here’ placard.
Enterprise investment schemes, venture capital trusts and ETFs are among the fund structures exempt from the FCA’s ban on the marketing of Unregulated Collective Investment Schemes (Ucis) to retail investors, much to the relief of industry experts.
Ian Sayers, director general of the AIC, has welcomed the FCA's long-awaited rules outlining how platforms can be paid going forward.
The latest survey of regulated firms on their opinion of the FSA and the first on expectations of the FCA will not have made fun reading for the new regulator.
Two men have been charged by the FCA in relation to an unauthorised investment scheme through which they obtained around £5m in investor cash.
Just before the end of the 2012/2013 tax year, Her Majesty’s Revenue and Customs confirmed it is to subject any rebates received by investors to income tax. From that point on, the FCA platform paper finally published last Friday (26 April) was an easier one to put together as HMRC trumps FCA in more than…
The initial reaction has been overwhelmingly positive to the Financial Conduct Authority’s long-awaited platform paper was published this morning which has banned cash rebates greater than £1 for both advised and non-advised platform business.
EFG Private Bank has been fined £4.2m by the FCA for failing to establish and maintain effective anti-money laundering (AML) controls for a period of more than three years.
High street banks topped the FCA’s list of complaints data for the second half of 2012, both overall and for investment-related grievances, justifying the regulator's mystery shopping exercise to evaluate their advice processes last year.
The combined annual funding requirement (AFR) for the FCA and PRA is £646.3m, a 15% increase on the FSA's figure in 2012/2013.
Investors may benefit from increased returns as the Freehold Income Trust is reclassifed from a Ucis (Unregulated Collective Investment Scheme) to a Property Authorised Investment Fund (Paif), meaning it is no longer subject to capital gains tax.
Yesterday was the first working day in a new job for Tony Hall and Martin Wheatley but which of them has the tougher task, and who is most likely to come through it unscathed?