Events listed in [FCA] Financial Conduct Authority
CP23/1: Insurance guidance for the support of customers in financial difficulty
ID 21426
The Financial Conduct Authority, FCA, has launched a consultation on a proposed new guidance for insurance firms and their intermediaries as regards the treatment of customers that experience financial difficulties (new ICOBS 2.7 guidance on „Customers in financial difficulty). The guidance follows similar advice issued to insurance firms during the COVID-19 pandemic which was, however, not retained in the *Insurance: Conduct of Business Sourcebook ...
Portfolio letter: Wholesale brokers 2023 [pdf]
ID 21420
The Financial Conduct Authority (FCA) has published an open portfolio letter addressed at CEOs of wholesale brokers to summarize the key risks (of harm) the regulator has identified in connection with these firms and the markets they operate in and to outline its supervisory focus and expectations regarding the mitigation of these risks. According to the FCA, the key risks primarily concern the following: ...
Market Watch 72
ID 21414
The Financial Conduct Authority (FCA) has published a new edition of its Market Watch (No. 72). This latest version primarily deals with „the quality of service provided by Approved Publication Arrangements (APAs) and Approved Reporting Mechanisms (ARMs), collectively known as Data Reporting Services Providers (DRSPs)“. Specifically, the FCA has recently conducted a survey among DRSPs and their clients which primarily are investment firms using ...
UK list of exempted shares [xlsx]
ID 21406
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 ...
Innovation Hub: Market insights
ID 21400
The Financial Conduct Authority (FCA) has published an update on the level and area of participation in the FCA’s regulatory sandbox and innovation hub. The disclosed information contains data collected between 2014 and December 2022 and shows (1) the number of firms participating in the sandbox and hub by market sector; (2) the key technological areas and focus of participating firms; and (3) and ...
Inside FCA podcasts
ID 21358
The Financial Conduct Authority (FCA) has published the transcript of a podcast relating to the new consumer duty. Specifically, the transcript includes an interview with the FCA’s Head of Competition, Mr. Ed Smith, as regards the price and value outcome of the new duty. Therein, the Head describes „how the FCA expects firms to assess their products and services, to ensure there is a ...