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Restrictions placed on Raedex Consortium Limited
On 19 February 2021, the FCA imposed a number of restrictions on motor finance provider Raedex Consortium Limited (Raedex) requiring the firm to cease conducting regulated activities because of concerns about its finances. -
Statement by Mark Steward, FCA Director of Enforcement and Market Oversight, on Woodford Investment Management Ltd and WCM Partners Ltd
We have noted the recent comments by Neil Woodford on his future business plans. This statement sets out our position on specific points on which we have been asked for information. -
Update on Bank of England and FCA Memorandum of Understanding on the supervision of market infrastructure and payment systems
Co-operation supports effective supervision and policy making by sharing information between the regulators and promotes efficiency by minimising duplication on the FMIs. -
Financial Services Register
The Register is currently unavailable due to technical issues that are being investigated. We are working to restore the Register as quickly as possible. -
Statement on recent share trading issues
Buying shares in volatile markets is risky and you may quickly lose money. These losses are unlikely to be covered by the Financial Services Compensation Scheme. -
FCA asks banks to reconsider branch closures during coronavirus lockdown
Firms are reminded to consider the impact of national restrictions on compliance with the Principles, given our existing guidance on branch closures. -
Update on mortgages, consumer credit, banking and payments during coronavirus
We are publishing an update on issues relating to mortgages, consumer credit, banking and payments during coronavirus. This confirms our finalised guidance on repossessions for mortgages and consumer credit, as well as the FCA’s intention to -
FCA and FRC joint statement reminding companies that extended financial information timelines continue to apply
In a joint statement, the FCA and the Financial Reporting Council (FRC) have asked firms to stay aware of the current measures in place, considering the situation created by coronavirus (Covid-19). -
FCA reminds firms to regularly review regulatory permissions
We are reminding firms of their obligation to regularly review regulatory permissions to ensure they are up to date and removed where they are not needed. -
FCA proposes update to guidance on mortgages and consumer credit repossessions
In November 2020, we announced further support for mortgage and consumer credit borrowers experiencing payment difficulties as a result of coronavirus (Covid-19).