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  1. Information for customers of Premier FX Limited

    Statements Published: 15/08/2018 Last modified: 15/08/2018
    On 13 August 2018, on the application of the Financial Conduct Authority (FCA), the High Court appointed administrators in respect of Premier FX Limited (Premier). Premier is authorised by the FCA under the Payment Services Regulations 2017 to perform money remittance services. The FCA took this action to ensure that customers of Premier were...
  2. FCA statement on selling high-risk speculative investments to retail clients following ESMA’s action on CFD products

    Statements Published: 01/08/2018 Last modified: 01/08/2018
    In June 2018, the European Securities and Markets Authority (ESMA) finalised temporary measures to restrict the sale, marketing and distribution of contracts for difference (CFDs) to retail clients. These measures apply across the EU from today. We fully support ESMA’s measures, which are designed to protect retail investors. In common with...
  3. FCA response to Mortgage Lenders' commitment to help longstanding borrowers

    Statements Published: 31/07/2018 Last modified: 31/07/2018
    In our Mortgages Market Study Interim Report we sought views on whether and how to enable customers on an active lender’s reversion rate to switch to a better deal in certain circumstances – including whether this could be achieved through a voluntary agreement. We welcome this initiative by UK Finance, the Building Societies Association and...
  4. Bank of England, FCA, PRA and PSR conduct review of Memorandum of Understanding in relation to payment systems in the UK

    Statements Published: 20/07/2018 Last modified: 20/07/2018
    The Bank of England (BoE), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR) have a Memorandum of Understanding (MoU) that sets out the high-level framework the Authorities use to cooperate with one another, in relation to payment systems in the UK. The Financial Services...
  5. FCA response to the CMA’s provisional decision report on its investment consultants market investigation

    Statements Published: 18/07/2018 Last modified: 18/07/2018
    We welcome the Competition and Markets Authority's (CMA's) in-depth work on competition in the market for investment consultancy and fiduciary management services. As part of our asset management market study, we referred this sector to the CMA for a detailed investigation because we had serious competition concerns. The CMA’s provisional...
  6. Christopher Woolard’s statement welcoming the IDWG recommendations

    Statements Published: 05/07/2018 Last modified: 05/07/2018
    On 15 June 2018 we received the report of recommendations from the Institutional Disclosure Working Group (IDWG). The IDWG has now also published a summary of their recommendations.
  7. The FCA’s role in preparing for Brexit

    Statements Published: 27/06/2018 Last modified: 27/06/2018
    Further to the announcement from HM Treasury (the Treasury) on its approach to amending financial services legislation under the European Union (Withdrawal) Act, this statement provides stakeholders with an update on how we are preparing for the UK leaving the European Union (EU).
  8. FCA statement on EBA’s draft PSD2 Guidelines and Opinion for banks and others involved in open banking

    Statements Published: 22/06/2018 Last modified: 22/06/2018
    Further to the announcement from Her Majesty’s Treasury (the Treasury) on its approach to amending financial services legislation under the EU Withdrawal Bill, this statement provides stakeholders with an update on how we are preparing for the UK leaving the EU.
  9. FCA statement on thematic review into fair treatment of longstanding customers in the life insurance sector

    Statements Published: 12/06/2018 Last modified: 15/06/2018
    On 3 March 2016 the Financial Conduct Authority (FCA) announced investigations into six firms as a result of its thematic review into the fair treatment of longstanding customers.
  10. Alpha Insurance A/S declared bankrupt – UK policyholders must immediately seek alternative cover

    Statements Published: 09/05/2018 Last modified: 07/06/2018
    Alpha Insurance A/S ('Alpha') is an insurance 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 firm.