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  1. FCA succeeds in application to Upper Tribunal to strike out P.F. International’s challenge to regulatory decision

    Press Releases Published: 28/01/2020 Last modified: 28/01/2020
    The Financial Conduct Authority (‘FCA’) has successfully applied to the Upper Tribunal to strike out an appeal made by P.F International Limited, a franchise of the Kirby Vacuum Company. P.F. International has now exhausted its avenues of appeal. The firm had referred to the Upper Tribunal the FCA’s decision in November 2018 to remove the...
  2. Christopher Woolard appointed Interim Chief Executive of the FCA

    Press Releases Published: 24/01/2020 Last modified: 24/01/2020
    HM Treasury, following advice of the Board of the Financial Conduct Authority (FCA), has appointed Christopher Woolard as Interim Chief Executive.
  3. New overdraft rules mean 7 out of 10 people will be better off or see no change

    Press Releases Published: 22/01/2020 Last modified: 22/01/2020
    7 out of 10 overdraft users will be better off or see no change, when new rules on overdrafts, introduced by the Financial Conduct Authority, come into force in April 2020.
  4. Next steps for LIBOR transition in 2020: the time to act is now

    Press Releases Published: 16/01/2020 Last modified: 16/01/2020
    The Bank of England (the Bank), Financial Conduct Authority (FCA) and the Working Group on Sterling Risk-Free Reference Rates (RFRWG) have published a set of documents today, outlining priorities and milestones for 2020 on LIBOR transition.
  5. 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
  6. The FCA commences civil proceedings in relation to alleged unauthorised deposit takers

    Press Releases Published: 10/01/2020 Last modified: 12/05/2020
    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,...
  7. 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...
  8. 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.
  9. 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.
  10. 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