Financial Conduct Authority
Beauforce Corporation ordered to cease operations and return client funds
The Financial Conduct Authority has maintained requirements for Beauforce Corporation Limited to cease all regulated activities and return client funds.
Focus
FCA proposes enhanced reporting for operational incidents and third parties
The Financial Conduct Authority (FCA) has published a consultation paper proposing new rules for reporting operational incidents and third-party arrangements.
FCA reforms complaint redress for faster consumer outcomes and firm clarity
The Financial Conduct Authority, in collaboration with the Financial Ombudsman Service and the Government, is modernizing the redress system.
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FCA executive details balanced approach to innovation and consumer safety
David Geale, executive director at the Financial Conduct Authority (FCA), outlined the regulator's strategy for fostering growth and innovation while maintaining robust consumer protection.
FCA strengthens leadership with two senior appointments
The Financial Conduct Authority has announced the appointment of Chris Knight as Director of Insurance and David Lymburn as interim Deputy Managing Director for the Payment Systems Regulator.
Strengthening trust and support in UK consumer investments
Lucy Castledine, FCA Director of Consumer Investments, outlined the regulator's priorities for the UK consumer investment market.
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FCA plans implementation period for motor finance redress
The Financial Conduct Authority is likely to introduce a 3-month implementation period for its motor finance compensation scheme.
FCA report identifies AML enforcement gaps, announces supervisory shift
The latest report from the FCA's OPBAS finds anti-money laundering supervisors have improved since 2018, but enforcement remains a concern.
Gateway opens for firms to offer targeted financial support
The Financial Conduct Authority has opened its authorisation gateway for firms to offer targeted financial support.
FCA chief calls for UK finance renaissance at market speed
Nikhil Rathi, chief executive of the Financial Conduct Authority, emphasized the UK's position as a leading global financial hub.
FCA selects four firms for stablecoin regulatory sandbox
The Financial Conduct Authority has selected four companies to test their stablecoin services within its Regulatory Sandbox program.
FCA proposes action to enhance credit file completeness
The Financial Conduct Authority (FCA) is proposing new rules to ensure lenders have access to more comprehensive credit information.