The Financial Conduct Authority (FCA) has fined W H Ireland Limited (WHI) £1.2million. The firm is also restricted for a period of 72 days from taking on new clients in its corporate broking division. The FCA found that between 1 January and 19 June 2013, WHI failed to ensure it had the proper systems and …
FCA fines and restricts stockbroker for market abuse risks Read More »
Money or Value Transfer Services (MVTS) play an important role in the international financial system and in supporting financial inclusion. In December 2015, the United Nations estimated that developing countries received over USD 400 billion in remittances from migrants living abroad in 2014. However, like other financial institutions, MVTS providers are also vulnerable to the …
FATF issues Guidance for a Risk-Based Approach for Money or Value Transfer Services Read More »
The FCA has published a speech by Christopher Woolard, FCA Director of Strategy and Competition, delivered at the FCA’s event on UK FinTech: Regulating for innovation on 22 February 2016. The speech focuses on the questions of how can regulation foster innovation in financial services and as part of that how can regulators ensure a …
FCA Director speech on UK FinTech: Regulating for innovation Read More »
The European Banking Authority (EBA) will formally launch the 2016 EU-wide stress test on Wednesday 24 February 2016 at 5pm (UK time). Along with the announcement, the EBA will publish the common methodology and macroeconomic scenarios for this exercise. The EBA statement and related documentation can be found here.
The Board of the International Organization of Securities Commissions (IOSCO) has issued a statement in relation to its recent meeting in Madrid to discuss and respond to the many ongoing and emerging challenges facing global securities markets. ‘The meeting again underscored IOSCO’s role as the key reference point for global securities regulation, through our work firstly in identifying …
IOSCO reports on its role in responding to global securities markets’ challenges Read More »
A Discussion Paper published today by the Financial Conduct Authority (FCA) is encouraging firms to do more to support the UK’s ageing population and ensure that consumers can access the financial products and services they need at every stage of their life. For the full FCA statement and related documentation, please see here.
The Prudential Regulation Authority (PRA) has published PS6/16: The PRA’s approach to identifying other systemically important institutions (O-SIIs). This Prudential Regulation Authority (PRA) policy statement (PS) provides feedback to responses to Consultation Paper (CP) 39/15, ’The PRA’s approach to identifying other systemically important institutions (O-SIIs)’.The PS also contains a statement of policy on the PRA’s approach …
PRA reports on approach to identifying other systemically important institutions Read More »
The FCA has published its review TR16/1: Assessing suitability: Research and due diligence of products and services, where it sets out the high level findings of our thematic review of the research and due diligence processes carried out by advisory firms on the products and services they recommend to retail clients. The regulator considered how they review …
FCA issues findings on research and due diligence of products and services Read More »
The FCA has published a proposal to issue guidance, which explains how it will interpret provisions of the Consumer Credit Act 1974 (CCA) regarding the enforcement of security in relation to a regulated credit agreement or a regulated consumer hire agreement: GC16/2: Proposal to issue guidance on the FCA’s view of enforcing security under the Consumer Credit Act 1974 …
FCA guidance to enforcing security under the Consumer Credit Act Read More »
The European Securities and Markets Authority (ESMA) has published translations of its standard form for the disclosure of home Member State by issuers under the Transparency Directive (TD). The TD requires issuers whose securities are admitted to trading on an EU regulated market to disclose their home Member State to: their home Member State’s competent …
Planet Compliance is a B2B media site and directory focused on covering business regulations and highlighting the top compliance software applications. Fortune 500 brands, major consultancies, and small businesses rely on Planet Compliance’s content, reports, and analysis when reviewing various solutions to ensure their company and clients comply with various business regulations.
The full legal disclaimer can be found here:
View Disclaimer
© 2024 PlanetCompliance. All Rights Reserved.
Disclaimer | Privacy
Add your article to Planet Compliance.
