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MOVEit vulnerability
We are aware of a vulnerability to the secure file transfer application MOVEit that has been impacting organisations and exposing personal data. -
Annual Percentage Rate of Charge (APRC) calculations
Update (June 2023) for firms which clarifies and confirms expectations of our MCOB rules. -
Joint statement from FCA, PRA and Bank of England on the government’s proposed amendments to the CCP run-off regime
FCA and PRA are responsible for the supervision of regulated banks to which certain central counterparties (CCPs) provide services. The Bank of England is responsible for the supervision of CCPs in the UK. -
Upper Tribunal decision in Mr Markos Markou vs FCA
FCA believes that the decision is incorrect and irrational. We will be seeking permission to appeal the decision. -
British Steel pension redress scheme legal challenge dropped
The FCA welcome's the BSAG’s decision to drop the legal challenge against their decision to set up a redress scheme for former BSPS members. -
Regulators welcome the Government’s updated Green Finance Strategy
The FCA, the FRC, the BoE and the TPR welcome the Government's updated Green Finance Strategy. -
The application of the derivatives trading obligation to certain credit default swaps
On 26 September 2022, ICE Clear Europe announced the cessation of clearing for all classes of credit default swap (CDS) contracts from 27 October 2023. -
FCA publishes letter on Morses Club Scheme of Arrangement
On 3 March 2023, the FCA issued a letter of concerns in relation to Morses Club's proposed Scheme of Arrangement, ahead of the firm attending Court on 7 March to seek views of the court before proceeding to the next stage of the process. -
Criminal market abuse regime review completion
FCA welcomes the Government’s statement on the completion of the criminal market abuse regime review. -
Update on FCA Authorisations operating service metrics
This update covers the FCA's progress on service standards for authorisations case work, outlining any areas where it is not meeting its statutory and voluntary timelines for authorisations.