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?
When it comes to regulation there seems to be a never-ending list of rules to comply with. To keep on top of it is it best to outsource to a specialist or hire someone in-house, and how much priority should you give a non-client facing function?
The FSA and Bank of England have unveiled new rules relating to banking start-ups which relax some of the sector’s regulatory barriers to entry and are aimed at increasing competition.
The FSA has outlined the temporary product intervention rules (TPIRs) that the FCA will use to restrict sales of a product when it identifies there is a significant risk to customers.
The FSA has published a business plan and risk outlook for the Financial Conduct Authority (FCA), stating how the new authority will protect both the needs of customers and the integrity of the financial services industry.
From next month there will be a new regulator in town, and advisers should expect some differences in approach. Find out how to prepare your firm for the FSA's souped-up successor – the FCA.
The FSA has published a discussion paper looking at increased transparency and disclosure in financial services. So what are the aspects of your company it wants to share with the world?
