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Showing 1 - 10 of 74 results for "FCA"

UK regulator introduces diversity rules for listed entities

JAMIE WILLIAMSON  |  THURSDAY, 21 APR 2022
... next year. The rules will be reviewed in three years' time to ensure progress and that set targets are still relevant, the FCA said. "This approach allows flexibility for smaller firms or those based overseas. The rules also allow companies to decide ...

GAM loses insto mandate

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
... redemption requests. At the time, GAM gave little to no detail as to what the "gross misconduct" investigated involved, however the FCA did in handing down its penalties. According to the FCA, the conflicts of interest arose from three transactions ...

Longo's ASIC less aggressive: Report

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
... Australia's softening regulatory approach is out of line with what is happening overseas. The UK's Financial Conduct Authority (FCA) announced that it intends to test its powers to the limit and use criminal powers, taking on a bolder appetite in dealing ...

Fund managers failing value assessments: FCA

KARREN VERGARA  |  THURSDAY, 8 JUL 2021
... many AFMs often made assumptions that they could not justify to us, undermining the credibility of their assessments," the FCA said. Other managers did not meet the FCA's standards by having poorly designed processes and ultimately did not complete ...

UK bans crypto exchange Binance

ELIZABETH MCARTHUR  |  MONDAY, 28 JUN 2021
... claims to be the biggest Bitcoin exchange and alt-coin cryptocurrency exchange in the world by volumes traded. However, the FCA has warned consumers to stay away. The regulator said it was aware that the company is offering UK consumers a range of products ...

Multi-boutique adds partner

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
... London-based private markets manager. Pacific Current Group (PAC) has received approval from UK's Financial Conduct Authority (FCA) to invest in Astarte Capital Partners, after entering a purchase agreement on December 24. PAC is paying GBP4.4 million ...

Ignition Advice enters UK market

ELIZA BAVIN  |  FRIDAY, 26 FEB 2021
... firms," Miles said. "As part of the move into the UK, we are further localising all products for the UK market, over layering UK FCA regulatory standards to meet the needs of British clients." David Hempson will join the company as its new business development ...

Link flags PEXA listing

KARREN VERGARA  |  THURSDAY, 25 FEB 2021
... fund progresses. Some £2.54 billion ($4.5 billion) of capital has been returned to investors as at 31 December 2020. "As the FCA investigation is an ongoing and confidential process, Link Group cannot speculate or make any further comment on it. As ...

Woodford flags comeback

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... was forced to act after Woodford announced that his new investment firm is in the works, reportedly operating out of Jersey. FCA director of enforcement and market oversight Mark Steward said Woodford has not applied for appropriate permissions to commence ...

QBE takes final hit in FCA test case

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... wording issues, losing its appeal bid in the High Court. The test case was launched by the UK Financial Conduct Authority (FCA) to resolve legal issues concerning the interpretation of common business interruption policy wordings, in relation to whether ...
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