In a speech last week, the FCA’s Nick Cook, Director of Innovation, talked about the regulator’s approach to innovation and technological change.
In the speech, given to a conference of financial services Chief Data Officers, Cook said that the Authority ‘must adapt’ to keep pace with technology-led..
The second Markets in Financial Instruments Directive came into force on 3 January 2018. It promised widescale changed to financial services marketing – among them changes to client reporting, governance and costs.
Nearly two years after the legislation came into effect, we look at what has changed...
Last month, the Financial Conduct Authority published a Notice of Undertaking from the Co-operative Bank, detailing a change the bank had made to its mortgage offer document.
The change came about in response to concerns raised by the FCA regarding the clarity of one of the terms in the document.
Last week (17 October), the Financial Conduct Authority released its latest complaints data. The data always gives a good insight into the issues firms are pulled up about, and has lessons for any firm wanting to improve its own approach to compliance.
Here, we take a look at the new data and what i..
There’s a definite trend in the financial services industry towards shorter customer communications.
One-page summaries are now the preferred approach in many areas – pension transfers, for instance, where the regulator is working to make communications shorter and clearer. But is this succinct app..
Today (11 October), the Financial Conduct Authority announced that it has fined broker Tullett Prebon (Europe) Limited £15.4 million.
The fine is a result of the firm ‘failing to conduct its business with due skill, care and diligence, failing to have adequate risk management systems and for failing..
The Financial Conduct Authority has been proactive in planning for the UK’s departure from the EU. But how have financial services firms responded?
FCA chief executive Andrew Bailey spoke at an industry conference on 16 September, and outlined the preparation financial services firms had made to dat..
In a speech last week, the FCA’s Debbie Gupta, Director of Life Insurance and Financial Advice Supervision, explored how the suitability of financial advice can be improved.
Here we look at what she said and what actions you can take to improve the suitability of your firm’s financial advice.
As a Compliance professional, you’re familiar with financial promotions. You probably spend a lot of your time reviewing and approving them.
It’s always good to have a refresher. What is the FCA’s definition of a financial promotion? What do you have to do to make sure your promotions meet the FCA’..
New FCA regulations governing Authorised Fund Managers (AFMs) come into effect from 30 September.
We examine the new requirements and identify the steps firms should be taking to ensure they’re compliant.
This week, the Financial Conduct Authority ramped up its efforts to make sure firms are prepared for the potential of a no-deal Brexit.
Here, we look at the regulator’s work on Brexit to date and its increased efforts to prepare firms for a possible no-deal scenario.
The Financial Conduct Authority has published new rules governing claims management companies’ advertising.
The regulator wants CMCs to do more to ensure their promotions do not mislead potential customers. On 23 August, announced a number of new rules in relation to financial promotions.
Increased regulation in the aftermath of the financial crash of 2008 has led to the global banking industry placing the burden of compliance on their heavy shoulders. A decade later, the wave of new regulations is still advancing, creating the need for compliance and adaptation to the strategic con..
At the end of last month, the Financial Conduct Authority published a report of the findings from its 2019 survey of FCA-regulated firms. The survey, carried out with the Practitioner Panel, takes place annually and seeks views on the regulator’s performance from among the firms it regulates.