This overview is a guide to the Lexis+® UK Financial Services content within the 'FCA and PRA investigations, enforcement and discipline' subtopic, with links to appropriate materials.
The Financial Conduct Authority (FCA) is the UK’s regulator of conduct in retail and wholesale markets, supervises the trading infrastructure behind those markets and oversees prudential regulation of firms not prudentially regulated by the Prudential Regulation Authority (PRA). The FCA is responsible for the regulation of conduct across the financial services sector, in firms and markets of all sizes and in all sectors of the industry. Its responsibility spans wholesale and retail conduct, market integrity, protection of client assets and prevention of financial crime. Its wide-ranging remit means that it must respond to a range of issues which require regulatory intervention. These issues range from cases involving threshold conditions (where authorised firms fall short of the FCA’s minimum standards to be authorised) all the way to significant breaches or instances of misconduct widely effecting markets and/or consumers.
The FCA has a number of regulatory tools (supervisory interventions, enforcement tools and criminal powers) designed
To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.
**Trials are provided to all LexisNexis content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisNexis services please email customer service via our online form. Free trials are only available to individuals based in the UK, Ireland and selected UK overseas territories and Caribbean countries. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
This week's edition of Financial Services weekly highlights includes: HMT policy statement sets out proposed Consumer Credit Act 1974 reforms; FCA CEO...
A round-up of financial services developments, including (among other things) PRA publishes PS13/26—Insurance third-country branches....
A round-up of financial services developments, including (among other things) AFME, IA and UK Finance call for ‘full, high-quality’ consolidated tape....
The International Capital Market Association (ICMA) has published an amendment to the ICMA Primary Market Handbook to include the new ‘Appendix C1...
Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of
0330 161 1234