FCA
United Kingdom | 31 Jan 18
Ringleader of £1.4m scam to spend years in jail
The ringleader of an investment scheme that conned vulnerable people into buying £1.4m ($1.9m, €1.6m) of worthless shares has been sentenced to three and a half years in jail.
Has the FCA’s adviser register avoided the chopping block?
Until very recently it had looked inevitable that the Financial Conduct Authority’s IFA register would fall by the wayside, despite support from advisers and industry to keep it. But recent political murmurs suggest it may live to fight another day.
UK regulator offers ‘mis-leading’ Priip performance solution
The Financial Conduct Authority is “comfortable” allowing Priip manufacturers and advisers to provide “explanatory materials” where there are concerns that performance scenarios in mandatory key information documents (Kids) are too optimistic.
FCA blasts ‘sleepwalking into another scandal’ accusations
The chief executive of the Financial Conduct Authority has wholly rejected a report from the Work & Pensions Select Committee that said the UK watchdog of “sleepwalking into another mis-selling scandal”.
FCA probes 109 firms connected to British Steel pensions
The Financial Conduct Authority has contacted 109 firms connected to British Steel Pension Scheme (BSPS) transfers and requested further information from 66 of them, the regulator has confirmed.