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Coinbase UK subsidiary fined for breaching regulatory restriction on onboarding
The FCA has imposed its first enforcement action under the Electronic Money Regulations 2011 on a British arm of the world'ssecond-largestcryptoasset exchange, Coinbase.
Online Published Date:
25 July 2024
Appeared in issue:
Vol 37 No 1 - 25 July 2024
FCA pegs 2025 date for prospectus rule changes
Finalised rules for a system to replace the existing prospectus regulation are expected to be ready by the end of June next year.
Online Published Date:
26 July 2024
Appeared in issue:
Vol 37 No 1 - 25 July 2024
Compliance considerations in sustainability governance
Both the long-term imperative for future generations as well as current regulatory and reputational requirements and risks, are driving businesses to reduce their harm to the planet. Andrew Hobbs and Richard Monks explore practical ways compliance teams can support leaders to unlock significant competitive advantage from sustainability.
Online Published Date:
31 July 2024
Appeared in issue:
Vol 37 No 1 - 25 July 2024
Banks ordered to review PEP procedures after widespread issues identified
All firms in the retail sector are being asked by the FCA to check that their systems comply with the current and prospective guidance on PEPs (Politically Exposed Persons).
Online Published Date:
05 August 2024
Appeared in issue:
Vol 37 No 1 - 25 July 2024
Banks that fill 'cash gaps' may review provision at two-yearly intervals
The 14 financial institutions that will be required to fill 'access to cash' gaps after the closures of branches and ATMs will be able to vary or even shut the new arrangements after two years.
Online Published Date:
05 August 2024
Appeared in issue:
Vol 37 No 1 - 25 July 2024
Streamlining of retail conduct rules targeted among package of reforms
On the day of publishing its first report on its new competitiveness objective, the FCA called for input from the sector on schemes it is developing to reduce regulatory costs.
Online Published Date:
05 August 2024
Appeared in issue:
Vol 37 No 1 - 25 July 2024
FCA awaits Court of Appeal motor finance decision before making DCA compensation plan
A redress scheme on motor finance for overcharged customers is one of the options being considered by the FCA as itextends the timetableon its review of discretionary commission arrangements (DCAs).
Online Published Date:
05 August 2024
Appeared in issue:
Vol 37 No 1 - 25 July 2024
H2O must pay £250m to aggrieved investors, amid missing and faked record-keeping
London-based asset manager H2O has agreed to withdraw from the UK market after the FCA found a litany of failings in its activities, including fabricated minutes and use of superyacht and private jet hospitality that was not fully disclosed.
Online Published Date:
07 August 2024
Appeared in issue:
Vol 37 No 1 - 25 July 2024
New pensions framework for DC schemes expected to reduce provider numbers
The FCA is developing a traffic light rating system for defined contribution (DC) pension schemes in the workplace that could drive the poorest performers from the market.
Online Published Date:
12 August 2024
Appeared in issue:
Vol 37 No 1 - 25 July 2024