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Showing 1 - 10 of 110 results for "FCA"

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
The UK's Financial Conduct Authority (FCA) has fined Macquarie Bank's London Branch (MBL) $25 million (£13m) for enabling one of its employees to record over 400 fictitious trades over a 20-month period. The fictitious trades also cost MBL an estimated ...

FCA changes bonds, derivatives transparency rules

KARREN VERGARA  |  WEDNESDAY, 6 NOV 2024
The Financial Conduct Authority (FCA) has introduced new transparency rules for bonds and derivatives markets and wants to expand payment options for investment research used by institutional investors. The regulator said it is making changes to the ...

Regulators to clamp down harder on greenwashing

ANDREW MCKEAN  |  FRIDAY, 27 SEP 2024
... the strictest rules on anti-greenwashing and entity-level sustainability reporting, with the Financial Conduct Authority (FCA) introducing a rule requiring firms' sustainability claims to be fair, clear, and not misleading. The FCA's anti-greenwashing ...

UK regulators propose framework for workplace pension schemes

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
... likened to an "evolved version" of the APRA performance test. The joint framework, developed by the Financial Conduct Authority (FCA) in collaboration with the Department for Work and Pensions and the Pensions Regulator, would assess pension schemes ...

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... out advice on trading complex financial instruments without proper authorisation. The UK's Financial Conduct Authority (FCA) alleges that between 9 May 2018 and 13 April 2021, Emmanuel Nwanze and Holly Thompson (also known as Holly Zucchero) used ...

FCA issues notices to Link Fund Solutions, Woodford

KARREN VERGARA  |  FRIDAY, 12 APR 2024
The Financial Conduct Authority's (FCA) investigation into the Woodford Equity Income Fund (WEIF) finds that the failures of Link Fund Solutions (LFS) and "star stock picker" Neil Woodford ultimately led to the fund's demise, leading to the ...

Financial Conduct Authority cracks down on finfluencers, firms

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
The UK's Financial Conduct Authority (FCA) is cracking down on finfluencers as more financial services firms turn to social media to promote products and services. The financial services regulator is aiming to get on top of firms that illegally promote ...

UK advisers told to review retirement advice processes

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... advice, following a thematic review that found some "are not even getting the basics right." The Financial Conduct Authority (FCA) undertook the review to better understand how the retirement income advice market is functioning, whether advisers are ...

Bitcoin hits fresh high as investors await halving event

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
... underscored by an increased acceptance of Bitcoin by mainstream financial institutions with the UK's Financial Conduct Authority (FCA) approving crypto ETNs this week and spot Bitcoin ETFs being approved by the Securities and Exchange Commission (SEC) ...

Woodford investors approve Link redress scheme

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... representing 96.1% of the value - voted in favour of the scheme proposed by UK regulator, the Financial Conduct Authority (FCA). If paid in full, the FCA estimates they will receive roughly 77 pence for every pound invested, or $1.47 for every $1.91. ...
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