fca
“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
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
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