Events listed in FCA Handbook
Handbook Notice 113 [pdf]
ID 25522
The Financial Conduct Authority (FCA) has published Handbook Notice 113 to summarize the latest amendments to its Handbook in accordance with the following consultations and FCA Instruments: Figure 1 – Oversight Table ##### FCA 2023/28, CP22/28, PS23/15, EventID #23576. This instrument was published by the FCA as part of a joint policy statement issued by both the Prudential Regulation Authority (PRA) and ...
FS2/23 – Artificial Intelligence and Machine Learning
ID 25510
Following the launch of a discussion paper (DP5/22 or DP22/4) (eventid=17983) in October 2022 on issues surrounding the use of Artificial Intelligence (AI) and Machine Learning (ML) in supervised firms‘ operations, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have now published a corresponding feedback statement (FS2/23). In it, the regulators briefly describe the responses they have received on their discussion ...
Data elements found in Appendix 1 of CP23/21 [xlsx]
ID 25503
In view of the ongoing consultation (CP23/21) on new data collections with respect to institutions and firms offering consumer lending including mortgages (EventID 23141), the Financial Conduct Authority (FCA) has now released a related xls file. Specifically, the file sets out the proposed data collection items as described on pages 8-80 of Appendix 1 of the consultation paper. To recall, in an effort to ...
FCA warns about common issues with crypto marketing
ID 25493
Following the coming into force of the new financial promotion rules for cryptoasset service providers (EventID 21585) and the publication of its expectations in this context (EventID 22920), the Financial Conduct Authority has published a first „warning“ towards cryptoasset service providers and firms approving their promotions in which the FCA addresses common issues it has observed in connection with such promotions, including the following: ...
Review of rules extending SME access to the Financial Ombudsman Service
ID 25467
On October 24, 2023, the Financial Conduct Authority, FCA, published a feedback statement (FS23/5) to its call for input on the current thresholds applicable to small and medium size enterprises (SME) for referring complaints to the „Financial Ombudsman Service (FOS)“ that was launched by the Authority on March 17, 2023 (please see EventID 20315 in this context for more information). The statement now outlines ...
The deterrence effects of the Financial Conduct Authority’s authorisations ...
ID 25411
The Financial Conduct Authority, FCA, has published a report created by London Economics, „one of Europe’s leading specialist economics and policy consultancies“ located in London. The report presents the findings from an analysis of – how the activities of the FCA during the application process deter firms potentially jeopardizing the UK financial market from entering this market, that is how the FCA’s application process ...
Updating and improving the UK regime for asset management: our priorities
ID 25310
In his recent speech at the Investment Association’s Annual Dinner, Ashley Alder, Chair of the Financial Conduct Authority (FCA), discussed the priorities/objectives for updating and improving the UK regime for asset management. These priorities/objectives are largely based on the feedback from a discussion paper (DP23/2) earlier this year in which the FCA sought views on possible ways to – improve, streamline, and/or standardize the ...
How we are making form filling easier for applicants
ID 25300
Emily Shepperd, Chief Operating Officer and Executive Director of Authorizations at the Financial Conduct Authority (FCA), published a press release in which she briefly informs of the ongoing work of the FCA to simplify the form-filling process for authorization applications. The goal, so Shepperd, is to create a more efficient and user-friendly system for firms and individuals seeking authorization to offer regulated financial products ...
FCA issues 146 alerts in first 24 hours of new crypto marketing regime
ID 25260
Following the coming into force of the new financial promotion rules for cryptoasset service providers (EventID 21585) and the publication of its expectations in this context (EventID 22920), the Financial Conduct Authority has published a first press statement. In it, the regulator informs that on the first day of the new regulatory regime, a total of 146 alerts were issued regarding promotions of cryptoassets. ...
COBS 4.12A Promotion of restricted mass market investments COBS 4 Annex 1 Risk ...
ID 25239
Following the publication of policy statement (PS23/6) by the Financial Conduct Authority (FCA) earlier this year to bring crypto-assets under the remit of the financial market promotion rules and make them subject to various restrictions and requirements as far as consumer marketing is concerned, the FCA has now published corresponding Handbook changes as they apply from October 8, 2023. These are as follows: **(1) ...