Events listed in FCA Handbook
Duty calls: Future-proofing finance for everyone
ID 26578
The Financial Conduct Authority (FCA) has provided an update on its key achievements and milestones reached over the past year, highlighting a range of initiatives and actions aimed at improving consumer protection, tackling online harms, and promoting competition and positive change in the financial services sector. The key achievements and milestones are briefly described below; for all of them, please refer to the original ...
FCA 2023/42: Data Reporting Services (Amendment) Instrument 2023
ID 26428
In view of the announced framework for a UK consolidated tape (please see EventID 24578 in this context), the Financial Conduct Authority (FCA) has published a new instrument (FCA 2023/42) to implement a first set of corresponding rules in the FCA Handbook. Specifically, this new instrument modifies the Glossary of definitions, the Senior Management Arrangements, Systems and Controls sourcebook (SYSC), the Conduct of Business ...
MAR 9.2A Consolidated tape providers MAR 9.2B Operating requirements MAR 9.2C ...
ID 26425
The Financial Conduct Authority (FCA) has updated its Handbook to implement first provisions for the introduction of a UK consolidated tape (please see EventID 24578 in this context for more information). Specifically, the FCA has inserted the following new Market Conduct Sourcebook provisions which will be effective on April 5, 2024: – MAR 9.2A Consolidated tape providers – MAR 9.2B Operating requirements – [MAR ...
Handbook Notice 114 [pdf]
ID 26309
The Financial Conduct Authority (FCA) has published Handbook Notice 114 to summarize the latest amendments to its Handbook in accordance with the following consultations and FCA Instruments: Figure 1 – Oversight Tables ##### FCA 2023/39, CP22/20, PS23/16, EventID #24131. This instrument was published by the FCA as part of Policy Statement PS23/16 on the disclosure requirements and labeling ...
Retail banking Consumer Duty multi-firm work
ID 26254
The Financial Conduct Authority (FCA) has published the findings from a review of the implementation of the Consumer Duty among retail banks, which became effective in July 2023. The review was conducted among 47 institutions to ascertain that customers are served the best way possible in alignment with the high product, price, and quality standards of the Duty. The FCA thereby – reviewed how ...
DP23/5: Advice Guidance Boundary Review – proposals for closing the advice gap
ID 26169
The HM Treasury and the Financial Conduct Authority, FCA, have jointly launched a discussion paper (DP23/5) in relation to the Advice Guidance Boundary Review (AGBR) to bridge the advice gap and make financial advice more accessible to retail customers. The advice gap results either from – consumers NOT having the information they need at the time when they need it to make informed financial ...
Consumer Investments data review April 2022 – March 2023
ID 26153
Alongside the 2-year update on the Consumer Investments Strategy (see eventid=24379), the FCA has published a report where they describe how they tackle consumer harm in the UK in the period between April 2022 – March 2023. FCA lists the following main achievements regarding this topic: – stopped unreliable investment firms from entering the market – published alerts on untrustworthy firms and individuals – ...
Consumer Investments Strategy – 2 Year Update
ID 26143
Two years after developing its new „Consumer Investments Strategy“ which seeks to enhance investor protection in various ways and one year after the first update (see eventid=17901), the Financial Conduct Authority (FCA) has published another follow-up report in this context. Specifically, the FCA summarizes the key accomplishments in terms of regulatory enhancements for the purpose of investor protection during the past year, outlines upcoming ...
FCA publishes update on the cash savings market
ID 26103
Following the issuance of a 14-point action plan as regards the practices of banks and building societies concerning the (low) interest rates they are paying on saving accounts (EventID 22488), the Financial Conduct Authority has published an update in this matter. Fortunately, the FCA has observed a trend towards passing on the high(er) UK base interest rate to consumers and encouraging savers to switch ...
FCA update on cash savings – December 2023
ID 26095
Further to the latest update as regards the practices of banks and building societies concerning the (low) interest rates they are paying on saving accounts despite a „high“ base rate (EventID 24273), the Financial Conduct Authority (FCA) has published another statement in this matter. In it, the FCA provides some detailed statistical data on the interest paid by supervised banks and building societies on ...