FCA
Tax & Regulation | 11 Aug 15
FCA rules out MiFID II face-to-face client recording requirement
Advisers will not be required to tape face-to-face meetings with clients when the Markets in Financial Directive II (MiFID II) is introduced in January 2017, the Financial Conduct Authority has confirmed.
Most IFAs tweak business models ahead of ‘sunset’ deadline
The majority of UK-based advisory firms receive most of their recurring revenue from fees, a sure sign that many have made significant changes to their business models in the run up to next year’s ‘sunset’ deadline.
People Moves | 31 Jul 15
FCA appoints two following chief exec sacking
The Financial Conduct Authority (FCA) has announced two senior appointments as part of an ongoing reshuffle following the sacking of its chief executive Martin Wheatley.
Tax & Regulation | 27 Jul 15
FCA issues guidance for firms to prevent product mis-selling
Advisory firms should not “rule by fear” and put undue pressure on staff if they underperform against sales targets, the Financial Conduct Authority has said in new guidance issued on Monday.
United Kingdom | 24 Jul 15
Hartmann Capital investors get bulk payout from FSCS
More than two thirds of the £3.2m in compensation owed to investors of Hartmann Capital has been paid out after the firm was shut down by the Financial Conduct Authority for having a £1.5m shortfall in clients’ money.