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NEWS
The Financial Conduct Authority (FCA) has welcomed a statement issued jointly by the Investment Association, Personal Investment Management & Financial Advice Association, and the Alternative Investment Management Association supporting faster trade settlement in funds. The statement explains that transactions in listed stocks and bonds across the UK, Switzerland, and the EU will change to a T+1 settlement cycle from 11 October 2027, while UK funds will move to a T+2 settlement cycle where feasible. The FCA has noted that faster settlement is expected to enhance market efficiency, improve liquidity, and reinforce the competitiveness of the UK financial market. It has also emphasised that fund managers should prepare for this transition and provide robust justification for any circumstance where settlement exceeds two business days.
NEWS
Law360: The Financial Conduct Authority said on 10 December 2024 that it will not return to the 'light touch' regulation from before the 2008 financial crisis but is committed to responsible risk-taking to support the Labour government's goal of boosting economic growth.
NEWS
The Financial Conduct Authority (FCA) has announced that it has won its appeal in its case against BlueCrest Capital Management (UK) LLP, with the Court of Appeal upholding the FCA’s power to require redress from firms.
NEWS
Law360, London: The Financial Conduct Authority (FCA) can resume its application to impose a redress scheme of more than US$700m for investors of hedge fund BlueCrest Capital Management, an appeals court said on 2 October 2024, ruling that a tribunal wrongly held that the regulator did not have that power.
NEWS
The Financial Conduct Authority (FCA) has announced that it has withdrawn arrest warrants for Konstantinos Papadimitrakopoulos and Dimitris Gryparis, respectively the former chief executive and chief financial officer of Globo plc. In February 2019 the FCA obtained domestic and European arrest warrants (EAWs) and sought to extradite them from Greece to face criminal charges of fraud and making misleading statements about the value of Globo’s shares prior to its collapse in November 2015.
NEWS
The Financial Conduct Authority (FCA) has formally updated its Decision Notice to Nailesh Teraiya, confirming that it is no longer seeking a £5.95m financial penalty. This decision follows a request from the Danish Tax Authority (SKAT), which advised that pursuing the penalty could prejudice its ongoing civil proceedings against Mr Teraiya and others. The FCA notified the Upper Tribunal of its decision on 25 March 2025 and the Tribunal consented on 30 July 2025. The FCA continues to pursue its case to ban Mr Teraiya from performing any regulated financial activity.
NEWS
The Financial Conduct Authority (FCA) has published a speech delivered by its Chief Data, Information and Intelligence Officer, Jessica Rusu, outlining the regulator’s strategic focus on innovation and technology to drive growth and competitiveness in the UK financial sector. The speech accompanies the FCA’s proposals in Consultation Paper 25/5 on the regulation of cryptoasset firms. Rusu also addressed the launch of Open Finance and broader Smart Data initiatives, and next steps in the developing the UK regulators’ Scale-Up Unit, which aims to support engagement with fast growing firms.
NEWS
The Financial Conduct Authority (FCA) has published a speech delivered by its chief data, information and intelligence officer, Jessica Rusu, at London Tech Week 2025. The speech outlines the FCA's five-year strategy to deepen trust, rebalance risk, support growth, and improve lives through the use of artificial intelligence (AI) and industry collaboration, notably with Nvidia. Rusu noted that the FCA has established an AI Lab with four components—AI Sprint, AI Input Zone, AI Spotlight and the ‘Supercharged Sandbox’—to evaluate the risks and opportunities of AI in financial services. Rusu also noted the introduction of AI Live Testing which allows firms to test AI models in a controlled, live setting during development. The speech highlights that the collaboration with Nvidia will enhance the Digital Sandbox by providing advanced GPU tools, software, and training resources. This partnership aims to support innovative companies in developing, refining, and scaling AI models. The speech further notes that the FCA is modernising its internal processes by digitising regulatory procedures and streamlining legacy systems to support the growth and competitiveness of the UK financial services sector.
NEWS
Law360, London: The Financial Conduct Authority (FCA) warned a cross-party group of MPs on 10 June 2025 it needed a steer on the government's risk appetite for crypto-assets amid the push for UK competitiveness and economic growth.
NEWS
Law360, Expert analysis: On 5 August 2025, the Financial Conduct Authority (FCA) published its decision notices, following a lengthy investigation into Neil Woodford and his former firm, Woodford Investment Management (WIM). This follows the FCA issuing a warning notice against Woodford and WIM in April 2024. Jane Anderson, senior associate, and Garon Anthony, partner, at Irwin Mitchell LLP consider the FCA ruling in the decision notice, which marks an important moment for the UK investment industry, not least due to the high profile of the individuals and institutions involved, but also for its implications for fund governance, investor protection and regulatory oversight. They also consider some practical takeaways for legal professionals who advise fund managers and others in the financial services industry.
NEWS
Law360, London: The Financial Conduct Authority's (FCA) proposed reversal of its ban on crypto exchange-traded notes for retail investors has paved the way for immeasurable consumer harm, UK and US lawyers have warned.
NEWS
MLex: The UK’s financial markets regulator was accused by lawmakers of being incompetent, failing to properly investigate and not following up on whistleblowers. They advocate wide-ranging reforms, but this will likely be a struggle, as evidenced by the Financial Conduct Authority’s (FCA) transparency initiative earlier in 2024. Dubbed the ‘name and shame’ plan, it has been widely panned, and the regulator is expected to say that it has watered down its proposal on 28 November 2024.