fca
FCA Allows 16,000 Firms to Skip Three Data Collections; Do CFD Providers Benefit?
- The regulator has launched 'My FCA' to centralise regulatory tasks with a single sign-in system.
- Firms may omit specific returns during consultation without facing any submission penalties.
Wednesday, 16/04/2025 | 09:53 GMT by
Tareq Sikder
FCA Plans to Remove “Imprecise” Transaction Cost Disclosures for 12.6 Million UK Investors
- The regulator wants to eliminate requirements to calculate and disclose “implicit” transaction costs like bid-ask spreads.
- The proposal is part of a broader overhaul of the UK's investment disclosure regime, replacing EU-era rules with a simplified framework.
Wednesday, 16/04/2025 | 08:29 GMT by
Damian Chmiel
UK’s FCA Opens First-Ever Overseas Offices in US, Asia to Promote Cross-Border Investment
- This global push aims to improve cross-border access and increase foreign investment into the UK financial sector.
- Tash Miah reportedly began representing the FCA in Washington, D.C. in April 2025, focusing on aligning UK-US regulations.
Tuesday, 15/04/2025 | 16:24 GMT by
Jared Kirui
FCA’s Review Exposes Concerns over Push Notifications and Prize Draws in Trading Apps
- A study of 9,000 consumers revealed that trading apps with digital features resulted in riskier investments.
- Firms recognize the need for responsible digital engagement but lack checks to ensure consumer understanding.
Friday, 11/04/2025 | 12:16 GMT by
Tareq Sikder
FCA to Replace EU Rules with UK-Specific Regulations for the £12 Trillion Asset Management Sector
- These reforms are part of a wider effort to simplify market rules while maintaining strong risk management and consumer protection.
- The FCA plans to adjust the Alternative Investment Fund Managers Directive (AIFMD) to better align with UK market needs.
Monday, 07/04/2025 | 19:42 GMT by
Jared Kirui
PRA Proposes Raising FSCS Deposit Protection Limit to £110K for CFD Traders
- The FSCS has paid over £20 billion in compensation, mostly due to the 2008 financial crisis.
- The proposal to raise the protection limit from £85K to £110K may take effect in December 2025.
Monday, 31/03/2025 | 11:43 GMT by
Tareq Sikder
FCA to Retire 100+ Pages of Outdated Rules as Consumer Duty Reshapes Regulations
- The regulator is reassessing credit advertising regulations to avoid complex terms and conditions.
- FCA is reportedly not planning a complete regulatory overhaul but targeted improvements in response to industry concerns.
Tuesday, 25/03/2025 | 18:58 GMT by
Jared Kirui
London Metal Exchange Sent Junior Staff on Night Shift, Now Must Pay FCA Over £9 Million Fine
- The regulator FCA fined LME £9.2 million for inadequate systems during extreme nickel price volatility in March 2022.
- The price has more than doubled to over $100,000, with most of the rise occurring in a little over an hour.
Thursday, 20/03/2025 | 10:15 GMT by
Damian Chmiel
Kraken Gains FCA EMI License: Restores US Staking Services After SEC Lawsuit Dismissal
- The firm aims to expand its UK operations by offering over 300 crypto assets for trading.
- Recently, the SEC dismissed a lawsuit against Kraken, allowing staking services' reintroduction.
Monday, 10/03/2025 | 14:51 GMT by
Tareq Sikder
FCA and PRA Appoint Ex-GE Capital Executive as FSCS Permanent CEO After Interim Role
- Martyn Beauchamp brings over 20 years of experience, having worked with Tesco Bank.
- His permanent appointment follows Elizabeth Passey's selection as chair of the FSCS board in 2024.
Thursday, 06/03/2025 | 16:25 GMT by
Tareq Sikder
FCA Defends Email Policy Shift as Critics Warn of Transparency Risks
- With over 70 million emails stored, the UK's regulator hopes structured record-keeping will enhance efficiency and facilitate faster data retrieval.
- However, critics argue that the FCA holds itself to standards different from those of the firms it regulates, an accusation the watchdog denies.
Wednesday, 19/02/2025 | 18:53 GMT by
Jared Kirui
UK's Regulator Fines Mako Financial Markets £1.66M in Cum-Ex Trading Crackdown
- The regulator also accused the company of accepting payments from a UAE-based third party without conducting due diligence.
- In a related case, the FCA fined Arian Financial for similar failures, also in relation to the Cum-Ex trading scandal.
Tuesday, 18/02/2025 | 21:21 GMT by
Jared Kirui
FCA Seizes £586K from Convicted Insider Dealer, Former Goldman Sachs Analyst
- Mohammed Zina, convicted of insider dealing, must pay a confiscation order or serve five more years in prison.
- The regulator confiscates all assets of insider dealer after conviction for illegal trading.
Monday, 03/02/2025 | 12:06 GMT by
Tareq Sikder
UK Regulator Demands Stronger Controls from Wholesale Brokers
- The FCA warned that brokers’ access to sensitive market information could be exploited for personal gain.
- The FCA has committed to intensifying its scrutiny of broker conduct, with the possibility of operational restrictions and enforcement actions.
Friday, 24/01/2025 | 14:28 GMT by
Jared Kirui
FCA Proposes £100 Contactless Limit Removal and Calls for SME Support Legislation
- The regulator outlines plans to introduce variable recurring payments in open banking.
- It urges the Government to improve digital identity, Companies House, and court systems.
Wednesday, 22/01/2025 | 11:42 GMT by
Tareq Sikder
FCA and Bank of England Prioritize Payment Systems in Revised MoU
- Regulators identified improvements in data sharing and expertise exchange over the past year.
- The regulator committed to revising the MoU by the second quarter of 2025 to enhance cooperation.
Friday, 20/12/2024 | 20:56 GMT by
Jared Kirui
Racehorses and Nightclubs: UK Wealth Manager Charged in “Most Serious” FCA Investigation
- Former WealthTek partner John Dance faces nine criminal charges for allegedly defrauding clients of over £64 million over nearly a decade.
- However, the regulator claims that 84% of affected clients are expected to receive full compensation.
Thursday, 19/12/2024 | 08:10 GMT by
Damian Chmiel
Why Gen Z Treats Bitcoin Like Air Fryers—And Why It's Terryfing
- A new study reveals young people make investment decisions as casually as buying kitchen appliances.
- This alarming trend shows Gen Zers treating complex financial products with the same impulsivity as viral consumer goods.
Wednesday, 18/12/2024 | 09:57 GMT by
Damian Chmiel
FCA Seeks Feedback on Crypto Admissions and Disclosures Regime
- Crypto firms may need to share information to reduce fraud and improve market integrity.
- The regulator warns that crypto is largely unregulated in the UK, high-risk, and offers no protection.
Monday, 16/12/2024 | 10:37 GMT by
Tareq Sikder
FCA Begins £1 Trillion Market Reform That May Affect Every UK Investor
- FCA launches consultation to transfer EU investment firm rules into its handbook, preparing for future reforms.
- The overhaul affects thousands of UK firms and traders and marks a key step in post-Brexit regulation modernization.
Wednesday, 27/11/2024 | 10:34 GMT by
Damian Chmiel
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