Events listed in [FCA] Financial Conduct Authority
Call for Input: SME access to the Financial Ombudsman Service
ID 22345
The Financial Conduct Authority, FCA, has published a press statement to announce a survey on the current thresholds applicable to small and medium size enterprises (SME) for referring complaints to the „Financial Ombudsman Service (FOS)“. The FOS is available to SMEs since 2019 and is meant to be a chance for small firms with likely small financial resources to resolve their disputes with financial ...
Portfolio Letter: FCA priorities for payments firms [pdf]
ID 22310
The Financial Conduct Authority, FCA, has published a new Portfolio Letter addressed at payment service providers in which the Authority outlines some major concerns about and deficiencies in current practices of payment firms in the below noted areas and sets out its expectations in this context. The key concerns / deficiencies and expectations are briefly summarized below. It shall be noted in this context, ...
UK list of exempted shares [xlsx]
ID 22239
The Financial Conduct Authority (FCA) has published a revised list of FCA exempt shares from short selling notification requirements as of March 13, 2023. These shares are also NOT subject to the uncovered short sales restrictions set out in the Retained Short Selling Regulation (UK SSR). Please note that the exempt shares list of the European Securities and Markets Authority (ESMA) has been removed ...
Fast-growing firms (FGFs) multi-firm review
ID 22230
The Financial Conduct Authority, FCA, has published a press statement to inform of the findings from a recent review of so-called Fast-growing firms (FGFs) which includes contract for differences (CFD) providers, wealth managers, and payment services firms. The review was conducted among 25 firms in 2021 and 2022 and focused on the assessment of „financial and non-financial resources“ in view of the enormous growth ...
FG23/2: Guidance for firms supporting existing mortgage borrowers impacted by ...
ID 22215
On March 10, 2023, the Financial Conduct Authority (FCA) published a new guidance addressed at mortgage lenders to support them in their dealing with mortgage borrowers that are affected by the rising cost of living as a consequence of high inflation and likely to be affected by rising interest rates on their mortgages – especially those that are currently rolling over their loans or ...
FCA authorises first Long Term Asset Fund
ID 22197
The Financial Conduct Authority has published a press statement to announce that it has authorized the first Long Term Asset Fund (LTAF) in UK. The new LTAF regime came into force in October 2021 and is the counterpart to the European ELTIF (European Long Term Investment Fund) regime with targeted enhancements to permit the investment in additional assets and to permit more flexibility of ...
FCA to collect Treasury’s economic crime levy (Anti-Money Laundering) from July
ID 22190
In view of the upcoming close of the first assessment year for the payment of the new Economic Crime Levy (ECL), the Financial Conduct Authority, FCA, has published a press statement to provide some further information in this matter. Specifically, the FCA notes that the new ECL applies to all of the following firms subject to the [Economic Crime (Anti-Money Laundering) Levy Regulations 2022 ...
Update on our public statement on the London Metal Exchange
ID 22140
Following last year’s announcement of the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority of the Bank of England (PRA) to initiate further steps as regards the trade suspension of nickel trading on the London Metal Exchange (LME) that took place between March 8 and March 15, 2022, the FCA has now published a follow-up on this matter. Therein, the FCA notes that ...
Implementing the Consumer Duty in Mortgage Intermediaries [pdf]
ID 22130
The Financial Conduct Authority, FCA, has published an open „Dear CEO Letter“ addressed at firms functioning as mortgage intermediaries to provide mortgages 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 ...
Wholesale trade data review – findings report [pdf]
ID 22108
The Financial Conduct Authority, FCA, has published the findings from a recent review of the market on trading data which is naturally dominated by large trading venues and which is of great importance to a wide range of users. Such users are, for instance, fund managers that use trade data to identify investment-worthy assets or to investment firms which need trade data to comply ...