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  1. 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...
  2. 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. 
  3. 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.
  4. 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...
  5. Our approach to overseas market operators seeking to apply to become a recognised overseas investment exchange (ROIE)

    Statements Published: 14/09/2018 Last modified: 30/01/2019
    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...
  6. 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...
  7. 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...
  8. Information for customers of Premier FX Limited

    Statements Published: 04/09/2018 Last modified: 09/08/2019
    What happened to Premier FX On becoming aware of the difficulties facing Premier FX, we placed requirements on it to cease all regulated payment service activities and not to dispose of its assets. In addition, we applied to the Court to have the firm placed into administration. On 13 August 2018, on the application of the FCA, the High Court...
  9. 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...
  10. 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...