The Financial Conduct Authority (FCA)
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 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 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’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
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
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 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
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
Uruguayan Fintech dLocal Secures FCA License to Onboard UK Merchants
- The company will onboard UK merchants through dlocal Opco Ltd UK after FCA restrictions linked to Brexit are lifted.
- With over 30 licenses worldwide, it plans to expand its UK presence by increasing headcount.
Tuesday, 07/01/2025 | 09:24 GMT by
Tareq Sikder
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
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