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  1. Express Gifts Ltd enters into £12.5m redress scheme

    Press Releases Published: 17/02/2017 Last modified: 17/02/2017
    Express Gifts Ltd, a direct mail order and online business with permission to sell general insurance products, has entered into an agreement with the Financial Conduct Authority (FCA) to provide £12.5m redress to approximately 330,000 customers who were sold insurance that offered little or no value.
  2. FCA reviews effectiveness of UK primary capital markets

    Press Releases Published: 14/02/2017 Last modified: 14/02/2017
    The Financial Conduct Authority (FCA) has today published a Discussion Paper which seeks feedback on how the UK primary capital markets can most effectively meet the needs of issuers and investors.
  3. FCA opens discussion on regulatory approach to open-ended funds investing in illiquid assets

    Press Releases Published: 08/02/2017 Last modified: 08/02/2017
    The Financial Conduct Authority (FCA) has today published a Discussion Paper (‘Paper’), which seeks stakeholder views on the practice of investing in illiquid assets through open-ended funds and the challenges that can pose to managers and investors. Illiquid assets in the context of this Paper may include land and buildings, infrastructure...
  4. FCA and PRA publish final changes to enhance enforcement decision-making processes

    Press Releases Published: 01/02/2017 Last modified: 01/02/2017
    The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have today published final changes in a Policy Statement (PS) aimed at strengthening the transparency and effectiveness of their enforcement decision-making processes.
  5. FCA fines Deutsche Bank £163 million for serious anti-money laundering controls failings

    Press Releases Published: 31/01/2017 Last modified: 31/01/2017
    The Financial Conduct Authority (FCA) has today fined Deutsche Bank AG (Deutsche Bank) £163,076,224 for failing to maintain an adequate anti-money laundering (AML) control framework during the period between 1 January 2012 and 31 December 2015. This is the largest financial penalty for AML controls failings ever imposed by the FCA, or its...
  6. Financial Conduct Authority publishes general insurance value measures scorecard

    Press Releases Published: 25/01/2017 Last modified: 25/01/2017
    The Financial Conduct Authority (FCA) has today published the first set of data in their general insurance value measures pilot, covering the year ending 31 August 2016.
  7. HSBC voluntarily agrees to provide approximately £4m redress for historical debt collection practices

    Press Releases Published: 20/01/2017 Last modified: 01/02/2017
    HSBC has voluntarily agreed to set up a redress scheme for customers who may have suffered detriment by paying an unreasonable debt collection charge imposed by HFC Bank Ltd (HFC) and John Lewis Financial Services Limited (JLFS), the Financial Conduct Authority (FCA) has announced today. Both HFC and JLFS are now part of HSBC Bank Plc.
  8. FCA takes first criminal action against an individual acting as unlicensed consumer credit lender

    Press Releases Published: 17/01/2017 Last modified: 17/01/2017
    Mr Dharam Prakash Gopee has today, 17 January 2017, appeared at Westminster Magistrates Court charged with offences under the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000. These charges arise from an investigation carried out by the Financial Conduct Authority (FCA) into Mr Gopee and companies he controls including...
  9. Two sentenced in insider dealing case

    Press Releases Published: 13/01/2017 Last modified: 13/01/2017
    In a prosecution brought by the Financial Conduct Authority (FCA) Manjeet Mohal, a former employee of Logica Plc, has today been sentenced to 10 months imprisonment suspended for two years in respect of two counts of insider dealing. He was also ordered to undertake 180 hours of community work. Reshim Birk, a neighbour of Mr Mohal’s was...
  10. Mark Lyttleton sentenced to 12 months imprisonment for insider dealing

    Press Releases Published: 21/12/2016 Last modified: 21/12/2016
    In a prosecution brought by the Financial Conduct Authority (FCA) Mark Lyttleton, a former Equity Portfolio Manager at BlackRock Investment Management (UK) Limited, has today been sentenced to 18 months reduced with credit to 12 months on two counts of insider dealing. A confiscation order was also made in the sum of £149,861.27 and costs...