Events listed in FCA Handbook
Cryptoasset firms marketing to UK consumers must get ready for financial promotions ...
ID 21747
The Financial Conduct Authority, FCA, has published a press statement to remind cryptoasset firms, including cryptoasset issuers, platforms, or advisers operating in UK or marketing their products and services to UK investors, to prepare for compliance with the new financial promotions regime and to adhere to current regulatory requirements in this context. ##### Background In January 2022, the HM Treasury issued a final [Policy ...
Financial promotions data 2022
ID 21732
The Financial Conduct Authority, FCA, has published the latest financial promotion data covering the period from January 1, 2022 through December 31, 2022. The regulator was thereby stunned about the number of interventions it has undertaken to remove or alter deceptive, fraudulent, or simply wrong promotions of a large range of financial market participants and therefore urgently calls upon firms to review their marketing ...
Portfolio letter: Our Asset Management Supervision Strategy [pdf]
ID 21725
The Financial Conduct Authority, FCA, has published an open Dear CEO Letter addressed at asset managers and their firms as regards key risks that they potentially pose to their customers or the markets in which they operate. The letter thereby briefly explains those risks and outlines the FCA’s expectations and supervisory priorities in these matters. The key points discussed in the letter are the ...
Implementing the Consumer Duty in Asset Management, Custody & Fund Services ...
ID 21723
The Financial Conduct Authority, FCA, has published an open Dear CEO Letter addressed at asset managers and management firms as regards the upcoming new consumer duty. The letter thereby reminds firms of the implementation timeline of the new duty, summarizes the key pillars of the duty, outlines how these pillars apply towards firms engaged in asset management or the custody of assets, and sets ...
Implementing the Consumer Duty in the Consumer Investments sector [pdf]
ID 21721
The Financial Conduct Authority, FCA, has published an open Dear CEO Letter addressed at firms providing or facilitating any type of consumer investment (e.g. investment firms, financial advisers, mutual fund managers) as regards the upcoming new consumer duty. The letter thereby reminds firms of the implementation timeline of the new duty, summarizes the key pillars of the duty, outlines how these pillars apply towards ...
Implementing the Consumer Duty in Mainstream Consumer Credit Lenders (MCCL) [pdf]
ID 21720
The Financial Conduct Authority, FCA, has published an open „Dear CEO Letter“ addressed at firms engaged in consumer credit lending or so-called „Mainstream Consumer Credit Lenders (MCCLs)“, as regards the upcoming new consumer duty. Among other things, the letter – reminds firms of the implementation timeline of the new duty, – summarizes the key pillars of the duty, – outlines how these pillars apply ...
Implementing the Consumer Duty in Life Insurance [pdf]
ID 21719
The Financial Conduct Authority, FCA, has published an open Dear CEO Letter addressed at life insurance undertakings and „their FCA-regulated outsourced service providers (OSPs)“ as regards the upcoming new consumer duty. Among other things, the letter thereby – reminds firms of the implementation timeline of the new duty, – summarizes the key pillars of the duty, – outlines how these pillars apply towards such ...
Implementing the Consumer Duty in Credit Reference Agencies (CRAs) and Credit ...
ID 21715
The Financial Conduct Authority, FCA, has published an open „Dear CEO Letter“ addressed at credit reference agencies (CRAs) and credit information service providers (CISPs) as regards the upcoming new consumer duty. Among other things, the letter – reminds firms of the implementation timeline of the new duty, – summarizes the key pillars of the duty, – outlines how these pillars apply towards such firms, ...
Implementing the Consumer Duty in the Mortgage Lenders and Administrators sector ...
ID 21713
The Financial Conduct Authority, FCA, has published an open „Dear CEO Letter“ addressed at firms engaged in mortgage administration and lending to both private and corporate customers as regards the upcoming new consumer duty. Among other things, the letter – reminds firms of the implementation timeline of the new duty, – summarizes the key pillars of the duty, – outlines how these pillars apply ...
Non-legal changes
ID 21692
The Financial Conduct Authority (FCA) has published a new document on changes it has recently made to its Handbook which are NOT outlined in any corresponding instrument. The modifications are technical in nature, including corrections and adjustments primarily for clarification, correction, and regulatory alignment purposes. In this particular case, the following FCA Sourcebooks are concerned and were modified: (1) DISP Dispute Resolution: Complaints, particularly ...