FCA
Tax & Regulation | 14 Dec 16
UK to make ‘polluters’ pay in FSCS levy shake-up
The UK regulator has proposed changing the financial compensation scheme to make riskier, so-called ‘polluter’ firms pay higher levies.
Tax & Regulation | 12 Dec 16
FCA fines down more than 97% in 2016
The UK’s Financial Conduct Authority (FCA) netted £22.2m ($27.9m, €26.4m) in fines against 23 financial institutions during 2016, a more than 97% drop from last year, reports the Guardian.
Best Practice | 9 Dec 16
FCA sets deadline to end closed life book ‘poor practice’
A tighter framework for closed books of life and pensions business has been unveiled by the UK’s Financial Conduct Authority (FCA) after uncovering poor practices in parts of the industry.
UK and Hong Kong regulators agree fintech cooperation
The Hong Kong Monetary Authority (HKMA) and the UK’s Financial Conduct Authority (FCA) are to “foster collaboration between the two regulatory authorities in promoting financial innovation”.
United Kingdom | 5 Dec 16
Third of over 75s in the UK targeted by investment fraudsters
The UK’s Financial Conduct Authority (FCA) is urging people aged over 55 to make sure that all investment ‘opportunities’ are legitimate before they part with their money as new data from the watchdog victims of investment fraud lost £32,000 (€38,180, $40,732) on average every year.