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  1. FCA returns funds to land banking victims

    Press Releases Published: 14/01/2020 Last modified: 14/01/2020
    FCA returns funds to land banking victims
  2. The FCA commences civil proceedings in relation to alleged unauthorised deposit takers

    Press Releases Published: 10/01/2020 Last modified: 10/01/2020
    The FCA has commenced civil proceedings in the High Court against Bright Managment Solution Limited, Soccer League International Limited, Soccer League UK Limited, and senior individuals at these firms. The FCA alleges the defendants have been carrying on unauthorised deposit taking by accepting money from the public for different projects,...
  3. FCA acts to help customers get better rates for cash savings

    Press Releases Published: 09/01/2020 Last modified: 09/01/2020
    The Financial Conduct Authority (FCA) is today proposing to reform the easy access cash savings market. Under new rules all firms will have to set a single easy access rate (SEAR) across all easy access accounts. Firms will have flexibility to offer multiple introductory rates for up to 12 months, then they will need to choose one SEAR for their...
  4. FCA and Bank of England announce proposals for data reforms across the UK financial sector

    Press Releases Published: 07/01/2020 Last modified: 07/01/2020
    The FCA and the Bank of England (Bank) outline their plans to develop their data and analytics capabilities. Both authorities depend on access to high-quality data to fulfil their respective missions of maintaining monetary and financial stability, market integrity, effective competition and consumer protection.
  5. FCA fines former managing director £45,000 for failure to notify personal trades

    Press Releases Published: 20/12/2019 Last modified: 20/12/2019
    The FCA has fined Kevin Gorman, a former Managing Director at Braemar Shipping Services plc (Braemar), £45,000 for failure to notify personal trades.
  6. Announcement from John Swift QC inviting submissions from interested parties

    Press Releases Published: 18/12/2019 Last modified: 18/12/2019
    Announcement from John Swift QC inviting submissions from interested parties
  7. First-tier Tribunal upholds decision to fine Hall and Hanley Limited for data breaches and unauthorised copying of client signatures

    Press Releases Published: 18/12/2019 Last modified: 18/12/2019
    The First-tier Tribunal (the Tribunal) has upheld a fine of £91,000 imposed on Hall and Hanley Limited (H&H) by the Claims Management Regulator (CMR), the former regulator for claims management companies (CMCs). The hearing for the Tribunal was conducted by the Financial Conduct Authority (FCA) which has taken over the functions of the CMR.
  8. FCA asks for proposals on how open finance could transform financial services

    Press Releases Published: 17/12/2019 Last modified: 17/12/2019
    The Bank of England (the Bank), Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have today published a shared policy summary and co-ordinated consultation papers (CPs) on new requirements to strengthen operational resilience in the financial services sector.
  9. FCA fines PPC for misleading consumers and banks in first CMC case closed by the regulator

    Press Releases Published: 17/12/2019 Last modified: 17/12/2019
    The Financial Conduct Authority (FCA) has fined Professional Personal Claims Limited (PPC) £70,000 for misleading consumers through its websites and printed materials.
  10. FCA secures confiscation order totalling £5 million against illegal money lender

    Press Releases Published: 17/12/2019 Last modified: 17/12/2019
    On 11 December 2019, Southwark Crown Court made a confiscation order against Dharam Prakash Gopee in the sum of £5,118,018.72. The effect of the order is to confiscate all his criminal proceeds as an illegal money lender. Mr Gopee was also ordered to pay almost £230,000 in compensation to consumers.