Events listed in [FCA] Financial Conduct Authority
ScamSmart Investments Partner Toolkit (February 2023) [zip]
ID 21815
The Financial Conduct Authority (FCA) has published a new toolkit concerning investment scams. As with all toolkits published by the Authority, the material contained in this presentation may be used by „partner firms“ – that is firms supervised by the FCA and operating in this line of business – on their own websites or their social media to support the FCA in its efforts ...
FS23/1: Synthetic Data Call for Input Feedback Statement [pdf]
ID 21797
The Financial Conduct Authority, FCA, has published a Feedback Statement (FS23/1) concerning the „use of synthetic data to support financial services innovation“. „Synthetic data“ thereby refers to data derived from statistical modelling of „real data“ which replicates – so to speak – real data without the use of confidential information. The statement follows last year’s Call for Input in which the FCA sought views ...
Inside FCA Podcast: What does the Consumer Duty consumer support outcome mean?
ID 21761
The Financial Conduct Authority (FCA) has published the transcript of another podcast relating to the new consumer duty. Specifically, this time the transcript includes an interview with the FCA’s Policy Team member Sean Cafferky concerning the „consumer support outcome“ of the new duty which relates to the objective of providing consumers with an adequate level of support throughout their engagement with a firm, service, ...
British steel pension scheme misleading offers – update
ID 21760
The Financial Conduct Authority, FCA, has published a follow-up statement in connection with the new redress scheme for customers that were wrongfully or poorly advised to transfer out of the British Steel Pension Scheme (BSPS) following the financial difficulties of the scheme’s sponsor in 2016 and the subsequent restructuring in 2017 and 2018. Specifically, the FCA has now found that 15 firms have made ...
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 ...
UK list of exempted shares [xlsx]
ID 21722
The Financial Conduct Authority (FCA) has published a revised list of FCA exempt shares from short selling notification requirements. 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 as it no longer applies ...
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 ...