fca
UK Reclaims CFD Brokers, Coinbase Secures a Bank, and Some LIBOR Drama Thoughts
- Two CFD brokers recently acquired FCA licences, while industry experts have been vocal about the UK’s lost appeal. What has reignited this interest? Paul Golden weighs in.
- He also explored the Coinbase-JPMorgan tie-up and the Libor-linked court drama involving Tom Hayes.
Wednesday, 06/08/2025 | 07:54 GMT by
Paul Golden
Is the UK Government Heeding IG’s Call to Save the Stock Market?
- UK’s “Leeds Reforms” address the lowest G7 retail investment by promoting a shift from cash to investments.
- FCA will launch a “Targeted Support” regime next year to guide savers toward investment options.
Tuesday, 15/07/2025 | 14:48 GMT by
Tareq Sikder
FCA Applies New Tech to Handle 3,200% More Financial Promotions Reviewed in Three Years
- The regulator removes over 50 apps, including from Google Play, and suspends 1,600 websites.
- Over 1,500 firms had their authorisations cancelled, a 20% rise from 2023.
Thursday, 10/07/2025 | 15:21 GMT by
Tareq Sikder
FCA Extends Anti-Harassment Rules to 37,000 Financial Firms, Including CFD Brokers
- Finance in London is still a “boys' club,” and it is women who are most often exposed to potential harassment.
- The regulator aims to change this by expanding oversight beyond banks to encompass other financial firms, including retail trading.
Wednesday, 02/07/2025 | 09:33 GMT by
Damian Chmiel
FCA Now Wants Regulated Firms to Use New Portal for Invoicing, Credit Tasks
- This platform, launched in March, is intended to streamline regulatory operations and reduce administrative burdens for firms.
- The regulator will now notify firms when an invoicing task is due, although the annual invoice schedule, between July and September, reportedly remains unchanged.
Monday, 30/06/2025 | 17:36 GMT by
Jared Kirui
FCA Reports 209 Consumer Duty Allegations Among 2,684 Whistleblowing Claims
- The regulator received 1,131 reports in 2024/25, generating 2,684 allegations and 908 actions.
- Several cases led to FCA interventions, including reviews and changes in sales practices over Consumer Duty concerns.
Friday, 27/06/2025 | 14:42 GMT by
Tareq Sikder
FCA Issues Alert Over Unregistered Broker Using XTB Branding
- According to the UK regulator, “XTB Online” is offering financial services without proper authorization.
- The firm claims to operate out of London's Canary Wharf, using the address One Canada Square.
Thursday, 26/06/2025 | 14:17 GMT by
Jared Kirui
Emails Tell a Different Story; Tribunal Backs FCA Ban on Former Barclays CEO
- Jes Staley is banned from senior financial roles for misleading the FCA about his ties to Jeffrey Epstein.
- FCA fine cut to £1.1M after Barclays withheld Staley’s deferred share awards.
Thursday, 26/06/2025 | 13:06 GMT by
Tareq Sikder
UK Banks Get Green Light to Test AI with Nvidia's Help
- FCA's new “Supercharged Sandbox” allows banks to experiment with artificial intelligence tools, starting from October.
- US-based chipmaker Nvidia is positioning itself as a major player in the AI revolution with record $44 billion revenue in Q1 2025.
Monday, 09/06/2025 | 07:50 GMT by
Damian Chmiel
UK to Consider Lifting Ban on Retail Access to Crypto Exchange-Traded Notes
- Currently, crypto ETNs are only available to professional investors in the UK, but the FCA’s proposal would expand access under strict regulatory safeguards.
- This initiative is part of the FCA’s broader agenda to establish a clear and comprehensive regulatory framework for crypto assets in the UK.
Friday, 06/06/2025 | 19:49 GMT by
Jared Kirui
New FCA Crypto Custody Rules Would Force Firms to Upgrade Security
- The regulator and the BoE will coordinate to ensure a consistent regulatory framework.
- The Bank of England also plans to publish its own consultation paper later in 2025, addressing issues like allowing returns on backing assets.
Wednesday, 28/05/2025 | 13:39 GMT by
Jared Kirui
“Decreasing Regulatory Burden is a Focus” in Market Overhaul, Says FCA's Holland
- The UK's watchdog Director Dominic Holland announced the regulator's commitment to “rebalancing risk across the industry.”
- It wants to become a “smarter regulator: predictable, purposeful and proportionate” through reduced compliance burdens.
Monday, 26/05/2025 | 07:42 GMT by
Damian Chmiel
FCA’s New Complaints Reporting Likely to Affect CFD and Retail Trading Firms
- Five separate data returns will be consolidated into one to reduce burden and improve data quality.
- Firms with more than 500 complaints must report, with CFDs and retail likely included.
Thursday, 22/05/2025 | 13:50 GMT by
Tareq Sikder
FCA Receives 281 Whistleblowing Reports, Compliance Tops Allegations in Q1 2025
- Most whistleblowing reports, 150, were submitted via the online reporting form, and 42 via email.
- The FCA took action in over 40% of whistleblowing cases closed in the quarter.
Monday, 12/05/2025 | 09:54 GMT by
Tareq Sikder
FCA Names David Geale Executive Director for Payments and PSR Managing Director
- Geale will oversee regulatory responsibilities in areas such as cryptoassets, payments, and open banking in the dual role.
- He has reportedly played a significant role in shaping UK financial policy, including reforms in crypto regulation, retail banking, and open finance.
Thursday, 08/05/2025 | 16:49 GMT by
Jared Kirui
FCA Sees Progress in Smaller Firms; Are CFDs Coming Under the Radar of High-Risk Investments?
- Some smaller firms have yet to fully implement the Consumer Duty, impacting their compliance.
- CFDs and other high-risk products are not always sold to suitable clients, raising regulatory concerns.
Thursday, 08/05/2025 | 09:54 GMT by
Tareq Sikder
FCA Bans CFD Broker Direct Trading Technologies, Citing "Falsified" Audit Records
- According to the watchdog, the company's internal controls were found to be insufficient and failed to detect falsified audit documentation.
- FCA now wants DTT to return client funds and complete the closure of all trading positions.
Friday, 02/05/2025 | 15:33 GMT by
Jared Kirui
FCA Warns Tech Firms Not Doing Enough to Stop Illegal Forex Finfluencers
- The regulator urges a rise from two to five years for promoting unauthorised financial schemes.
- Recently, the regulator charged individuals for promoting unauthorised forex schemes, with trials set for 2024 and 2027.
Thursday, 01/05/2025 | 09:35 GMT by
Tareq Sikder
FCA Launches AI Testing and Sandbox for Forex, Commodities, and Other Financial Sectors
- The regulator launched PASS to assist cryptoasset, payments, and wholesale firms entering the UK market.
- Independent research shows firms in FCA sandboxes are more likely to secure funding and stay operational.
Tuesday, 29/04/2025 | 16:01 GMT by
Tareq Sikder
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