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  1. Registering as a trade repository

    Statements Published: 10/10/2018 Last modified: 10/10/2018
    When the UK leaves the EU, the FCA will become the UK regulator of trade repositories.
  2. Registering as a credit rating agency

    Statements Published: 10/10/2018 Last modified: 10/10/2018
    When the UK leaves the EU, the FCA will become the UK regulator of credit rating agencies.
  3. Temporary authorisation regime for data reporting services providers (DRSPs)

    Statements Published: 10/10/2018 Last modified: 10/10/2018
    On 5 October 2018 the Treasury published a draft of the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018. This SI makes provision for temporary authorisations  for MIFID authorised EEA DRSPs to provide a data reporting service in the UK for a limited period after exit day, in the event there is no implementation period from...
  4. 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.
  5. 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...
  6. 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...
  7. 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...
  8. Information for customers of Premier FX Limited

    Statements Published: 04/09/2018 Last modified: 10/09/2018
    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...
  9. Dial-A-Cab Credit Union Limited and Harp Credit Union Limited enter administration

    Statements Published: 04/09/2018 Last modified: 04/09/2018
    Dial-A-Cab Credit Union Limited On 4 September 2018, the High Court appointed Jo Milner and Stephen Cork of Cork Gully LLP as administrators of Dial-A-Cab Credit Union Limited. This followed an unannounced visit by its regulators to the credit union’s offices. Dial-A-Cab Credit Union Limited is regulated by the Prudential Regulation Authority...
  10. 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...