The Financial Conduct Authority (FCA) employs skilled person reviews, also known as Section 166 reviews, to assess and rectify concerns within financial institutions. Recent data
With the Financial Conduct Authority (FCA) paying more and more attention to firms safeguarding arrangements to ensure customer funds are sufficiently protected, many firms are
As part of the Government’s initiative to combat economic crime, the Financial Conduct Authority (FCA) is reaching out to firms via email to ensure their
With digital transactions increasingly becoming the norm, the importance of safeguarding consumers against fraud has never been more critical. Recognising the ever-growing threat of fraud,
In a recent speech on 1st November, Nisha Arora, Director of Cross Cutting Policy and Strategy at the FCA, highlighted the ongoing commitment and challenges
The Financial Conduct Authority (FCA) holds the authority to seek an external viewpoint on a regulated firm’s activities by engaging a third party known as
In October 2023, the Financial Conduct Authority (FCA) unveiled the findings of a comprehensive multi-firm review targeting payment account providers. The focus was on the
The Financial Conduct Authority (FCA) plays a crucial role in maintaining the integrity of the financial services industry in the UK. Any business looking to
In recent regulatory developments, the Financial Conduct Authority (FCA) has imposed a significant fine and a ban on Mr. James Staley, the former CEO of
The Financial Conduct Authority (FCA) has taken action in response to the growing concerns surrounding the marketing of cryptoassets. With the cryptocurrency market expanding at