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  1. FCA and SFC sign MoU on United Kingdom-Hong Kong Mutual Recognition of Funds

    Press Releases Published: 08/10/2018 Last modified: 08/10/2018
    The Financial Conduct Authority (FCA) and the Securities and Futures Commission (SFC) have entered into a Memorandum of Understanding on Mutual Recognition of Funds (MoU), which will allow eligible Hong Kong public funds and United Kingdom retail funds to be distributed in each other’s market through a streamlined process.
  2. FCA consults on new rules to improve the approach to open-ended funds investing in illiquid assets

    Press Releases Published: 08/10/2018 Last modified: 08/10/2018
    The Financial Conduct Authority (FCA) is consulting on new rules and guidance to reduce the potential for harm to investors in funds that hold illiquid assets, particularly under stressed market conditions. These measures will also support the FCA’s market integrity objective and help address financial stability concerns.
  3. FCA confirms final rules on improving the quality of pension transfer advice

    Press Releases Published: 04/10/2018 Last modified: 04/10/2018
    The Financial Conduct Authority (FCA) has today published feedback and final rules and guidance from its consultation on improving the quality of pension transfer advice.
  4. FCA fines Tesco Bank £16.4m for failures in 2016 cyber attack

    Press Releases Published: 01/10/2018 Last modified: 01/10/2018
    The Financial Conduct Authority (FCA) has fined Tesco Personal Finance plc (Tesco Bank) £16,400,000 for failing to exercise due skill, care and diligence in protecting its personal current account holders against a cyber attack. The cyber attack took place in November 2016. 
  5. Financial Conduct Authority publishes Decision Notice concerning Linear Investments Limited

    Press Releases Published: 27/09/2018 Last modified: 27/09/2018
    The Financial Conduct Authority (FCA) has today published a Decision Notice concerning Linear Investments Limited. Linear failed to take reasonable care to organise and control its affairs responsibly and effectively to ensure potential instances of market abuse could be detected and reported. The failure occurred from 14 January 2013 to 9 August...
  6. The FCA announces outcome of investigation into 4 life insurance companies

    Press Releases Published: 19/09/2018 Last modified: 19/09/2018
    The Financial Conduct Authority (FCA) has today announced that its remaining investigations into firms, following its thematic review into the fair treatment of longstanding customers in the life insurance sector, have each been closed.
  7. Michael Nascimento sentenced to 11 years’ imprisonment in FCA prosecution of £2.8m investment fraud

    Press Releases Published: 17/09/2018 Last modified: 17/09/2018
    Michael Nascimento was today sentenced to 11 years’ imprisonment for his role in a share fraud carried out through a series of boiler room companies which led to the loss of more than £2.8 million of investors’ money. He was the controlling mind, instigator and the main beneficiary of the fraud.
  8. The Financial Conduct Authority bans former Deutsche Bank trader, Christian Bittar

    Press Releases Published: 14/09/2018 Last modified: 14/09/2018
    The Financial Conduct Authority (FCA) has banned Christian Bittar from performing any function in relation to any regulated financial activity.
  9. FCA appoints new Director of Competition

    Press Releases Published: 05/09/2018 Last modified: 05/09/2018
    The Financial Conduct Authority (FCA) has appointed Sheldon Mills as its new director of competition. Sheldon is currently senior director, mergers and state aid at the Competition and Markets Authority (CMA).
  10. Five sentenced in FCA prosecution of £2.8m investment fraud

    Press Releases Published: 04/09/2018 Last modified: 04/09/2018
    Operation Tidworth was the FCA’s second largest ever criminal prosecution. The instigator and main beneficiary of the fraud, Michael Nascimento, will be sentenced separately on 14 September 2018.