Financial Conduct Authority (FCA)

702 results about this entity

Period: 02 Sep 2004 - 23 May 2024

/regulation

FCA fines HSBC £6.2 million over treatment of customers in financial difficulty

The FCA has fined HSBC UK Bank plc, HSBC Bank plc and Marks and Spencer Financial Services plc (HSBC) £6,280,100 for failures in its treatment of customers who were in arrears or experiencing financial difficulty.

/regulation

Citi fined over $444 billion fat finger error

British financial regulators have fined Citigroup £61.7 million over a $444 billion fat finger error that led to a $1.4bn sell off of equities in European markets.

/regulation

FCA charges reality TV stars over 'finfluencer' campaign

The Financial Conduct Authority has charged a host of so-called 'finfluencers' - including former Only Way is Essex star Lauren Goodger - for promoting an unauthorised trading scheme to their social media followers.

/regulation

FCA boss invited to UK parliament to address 'naming and shaming' plans

The head of the Financial Conduct Authority (FCA) has been summoned to parliament to explain why work on the regulator's 'naming and shaming' proposal has not been halted.

/sustainable

FCA confirms anti-greenwashing guidance

Ahead of the anti-greenwashing rule coming into force on 31 May, the Financial Conduct Authority (FCA) is supporting industry with guidance to help them meet the standard.

/regulation

FCA turns the microscope on Big Tech

The UK's Financial Conduct Authority intends to step up its investigations into the competitive implications of Big Tech companies in financial services.

/regulation

BofE and FCA issue draft guidance on Digital Securities Sandbox

UK regulators are inviting feedback on draft guidance for firms looking to enter the country's new Digital Securities Sandbox (DSS).

/regulation

FCA warns FS firms and finfluencers to keep social media ads lawful

As it warns firms and so-called 'finfluencers' to keep their social media ads lawful, the UK's Financial Conduct Authority has published guidance for memes, reels and gaming streams promoting financial services.

/regulation

FCA sets out plan for the year ahead

In its Business Plan for 2024-25, the FCA has set out an ambitious programme of work for the final year of its 3-year strategy to achieve better outcomes for consumers and markets.

/crypto

FCA lifts restrictions on cryptoasset Exchange Traded Notes for professional investors

The Financial Conduct Authority (FCA) will not object to requests from Recognised Investment Exchanges (RIEs) to create a UK listed market segment for cryptoasset-backed Exchange Traded Notes (cETNs).

/wholesale

FCA firms about common failings we have found in firms’ financial crime controls

We have today warned firms about common failings we have found in firms’ financial crime controls.

/regulation

FCA rules out intervention in wholesale data market

Despite finding room for improvements in the distribution of wholesale market data, the Financial Conduct Authority has ruled out intervention for fear of "unintended consequences".

/regulation

FCA to speed up enforcement action

The Financial Conduct Authority (FCA) has today committed to carrying out enforcement cases more quickly as the organisation seeks to increase the deterrent impact of its enforcement actions.

/regulation

FCA kicks off campaign to highlight the benefits of switching to savers

Consumers will be encouraged to shop around for a better savings rate in a new campaign launched today by the City regulator, the Financial Conduct Authority (FCA).

/regulation

FCA requests data from financial advisors over ongoing services and consumer duty obligations

The FCA is today writing to a number of financial adviser firms requesting information about their delivery of ongoing services, for which their clients continue to be charged after advice has been given.

/regulation

FCA stops thousands of misleading ads and promotions

Over 10,000 financial adverts and other promotions were withdrawn or changed in 2023 following intervention from the Financial Conduct Authority (FCA), an increase of 17%, year-on-year.

/payments

FSB says FCA's access to cash proposals lack ambition

The Federation of Small Businesses has criticised proposals by the Financial Conduct Authority to broaden access to cash as unambitious.

/crypto

CryptoUK hires former FCA head Binu Paul

CryptoUK, the trade association for the cryptocurrency and blockchain industry in the UK, has appointed independent consultant Binu Paul to help drive the organisation’s strategic growth.

/sustainable

FCA establishes industry-led working group for sustainable finance

The FCA has appointed Daniel Godfrey as chair and Julia Dreblow as vice-chair of a new working group focused on building capability in sustainable finance across the financial advice sector.

/payments

Non-sweeping VRPs set for Phase 1 UK roll out in Q3 2024

Financial regulators in the UK have agreed plans for a Phase 1 roll out of non-sweeping variable recurring payments (VRP) by the third quarter of 2024, in a significant boost to open banking.