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  1. Qudos Insurance A/S has entered into solvent liquidation

    Statements Published: 30/11/2018 Last modified: 30/11/2018
    Qudos Insurance A/S (Qudos) has on 27 November 2018 announced it has entered into solvent liquidation. Qudos is a firm authorised and regulated by the Danish Financial Supervisory Authority. It operates in the UK on a freedom of services basis which means that some customers, both private and commercial, based in the UK may have a policy with the...
  2. Statement on EU Withdrawal Impact Assessment

    Statements Published: 29/11/2018 Last modified: 29/11/2018
    The Financial Conduct Authority (FCA) today publishes its EU Withdrawal Impact Assessment. The assessment was requested by the Treasury Select Committee and sets out the impact of the Withdrawal Agreement and future framework on the FCA's objectives. Andrew Bailey, FCA Chief Executive, has also written to Rt Hon Nicky Morgan MP, Chair of the...
  3. FCA statement on the launch of the Cost Transparency Initiative (CTI)

    Statements Published: 07/11/2018 Last modified: 07/11/2018
    The FCA is pleased to note today’s announcement which launches a new body to deliver a template for the disclosure of costs and charges to institutional investors. This will lead to improvements in the ability of institutional investors to access and assess critical information on costs. 
  4. Registering as a credit rating agency

    Statements Published: 10/10/2018 Last modified: 15/11/2018
    When the UK leaves the EU, the FCA will become the UK regulator of credit rating agencies.
  5. Registering as a trade repository

    Statements Published: 10/10/2018 Last modified: 15/11/2018
    When the UK leaves the EU, the FCA will become the UK regulator of trade repositories.
  6. FCA statement on super-complaint from Citizens Advice to the CMA on excessive prices for disengaged consumers

    Statements Published: 28/09/2018 Last modified: 28/09/2018
    Citizens Advice today submitted a super-complaint to the Competition and Markets Authority (CMA) calling on it to identify remedies and recommendations to put an end to the penalty paid by loyal and disengaged consumers. The super-complaint covers several markets, including insurance, cash savings and mortgages.
  7. Dear CEO LIBOR letter

    Statements Published: 19/09/2018 Last modified: 19/09/2018
    On Wednesday 19 September, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) wrote to CEOs of major banks and insurers supervised in the UK asking for the preparations and actions they are taking to manage transition from LIBOR to alternative interest rate benchmarks. The purpose of the letters is to seek assurance...
  8. Our approach to overseas market operators seeking to apply to become a recognised overseas investment exchange (ROIE)

    Statements Published: 14/09/2018 Last modified: 14/09/2018
    We have published a direction clarifying how an EEA market operator may make an application to become a recognised overseas investment exchange (ROIE) (PDF), to enable the participation of the exchange in UK markets, should they no longer be able to rely on MiFID II passport rights once the UK leaves the EU. Overseas investment exchanges which...
  9. Regulated retail investment adviser re-evaluation

    Statements Published: 05/09/2018 Last modified: 21/09/2018
    We have collaborated with the Chartered Insurance Institute (CII) to create a re-assessment test of the level 4 Diploma in Financial Planning. The CII will make the ‘Regulated Retail Investment Adviser Re-Evaluation’ available from 1 October 2018 and the assessment aims to raise the standards and competence of Financial Advisers. There are...
  10. Information for customers of Premier FX Limited

    Statements Published: 04/09/2018 Last modified: 31/10/2018
    On 13 August 2018, on the application of the Financial Conduct Authority (FCA), the High Court appointed administrators in respect of Premier FX Limited. Dina Devalia and Peter Hart of PFK Geoffrey Martin & Co. have been appointed as joint administrators. Customers impacted by the administration of Premier FX Limited should contact the firm by...