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  1. FCA warns public of investment scams as over £197 million reported losses in 2018

    Press Releases Published: 06/02/2019 Last modified: 06/02/2019
    Victims lost on average over £29,000 to investment scams in 2018 The most common scams reported involved investments in shares and bonds, forex and cryptocurrencies 54% of those who checked the FCA Warning List were contacted via online sources, up from 45% in 2017 Financial expert Alvin Hall put to the test in video scam challenge
  2. FCA approach to MiFID transparency calculations

    Statements Published: 05/02/2019 Last modified: 05/02/2019
    We welcome the statement published by ESMA today on the use of UK data in ESMA databases and the performance of MiFID II calculations in the EU27 if the UK leaves the EU without a withdrawal agreement (a no-deal scenario). In this scenario, we will no longer send UK trading data to ESMA.
  3. FCA fines former fund manager Paul Stephany

    Press Releases Published: 05/02/2019 Last modified: 05/02/2019
    The Financial Conduct Authority (FCA) has fined Paul Stephany, a former fund manager at Newton Investment Management Limited, £32,200 for his conduct in relation to an Initial Public Offering (IPO) and a placing.
  4. Manraj Virdee sentenced to 2 years for illegally operating an investment scheme and fraud

    Press Releases Published: 05/02/2019 Last modified: 05/02/2019
    In a case brought by the Financial Conduct Authority (FCA), Manraj Virdee was yesterday sentenced at Southwark Crown Court to a 2 year prison sentence suspended for 2 years and he was further ordered to carry out 300 hours of unpaid work in the community. The sentence followed earlier guilty pleas to 4 charges relating to misleading consumers,...
  5. FCA publishes its second set of rules following its Asset Management Market Study

    Press Releases Published: 04/02/2019 Last modified: 04/02/2019
    The Financial Conduct Authority (FCA) has published new rules and guidance to improve the quality of the information available to consumers about the funds they invest in.
  6. Requirements for UK trade repositories and reporting counterparties

    Statements Published: 01/02/2019 Last modified: 01/02/2019
    In January 2019, we confirmed that we will become the UK regulator of Trade Repositories (TRs) after Brexit. This information is only applicable if the UK leaves the EU without a withdrawal agreement (a no-deal scenario).
  7. FCA agrees MoUs with ESMA and EU regulators to allow cooperation and exchange of information

    Press Releases Published: 01/02/2019 Last modified: 01/02/2019
    The Financial Conduct Authority (FCA) has agreed Memoranda of Understanding (MoUs) with ESMA and EU regulators.
  8. Brexit – what we expect firms and other regulated persons to do now

    Statements Published: 01/02/2019 Last modified: 01/02/2019
    The Treasury has published draft legislation that would temporarily empower the FCA and the Bank of England/Prudential Regulation Authority (PRA) to make transitional provisions if the UK leaves the EU without an agreement in place. We intend to use this power to ensure that firms and other regulated entities do not generally need to prepare now...
  9. Financial Conduct Authority outlines how it would use the temporary transitional power

    Press Releases Published: 01/02/2019 Last modified: 01/02/2019
    The Financial Conduct Authority (FCA) has today set out how it would use the temporary transitional power in the event the UK leaves the EU without an agreement. The Treasury has put forward draft legislation that would temporarily empower UK regulators to make transitional provisions if the UK leaves the EU without a withdrawal agreement. This is...
  10. List of EEA market operators applying to become a recognised overseas investment exchange (ROIE)

    Statements Published: 30/01/2019 Last modified: 17/04/2019
    In September 2018, we published a direction (PDF) that clarified how market operators (as defined by MiFID II) from the European Economic Area (EEA) can apply to become a recognised overseas investment exchange (ROIE). This would enable EEA market operators to continue to provide their members based in the UK with access to their market, should...