Author Archives: ETE

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary of dealing with this unauthorised firm and how to protect yourself. Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised […]

The Financial Conduct Authority (FCA) has found 7.8 million people are finding it a heavy burden to keep up with their bills, an increase of around 2.5 million people since 2020. The FCA has published a snapshot of the latest edition of its landmark Financial Lives survey, which was carried out between February and June […]

The FCA has begun criminal proceedings against five individuals involved with Worthington Group plc, a company listed on the London Stock Exchange. The FCA launched a criminal investigation into market abuse and market manipulation in April 2016, following the suspension of Worthington Group plc’s (WRN) shares from the Official List and Main Market of the […]

Mark Steward has announced he will be stepping down as the FCA’s executive director of Enforcement and Market Oversight after seven years with the regulator. Since joining the FCA in 2015, Mark has led the delivery of some of the FCA’s most complex, high-profile, and precedent-setting enforcement cases, with many notable successes against major global […]

The Financial Conduct Authority (FCA) has fined Gatehouse Bank Plc £1,584,100 for significant weakness in its financial crime systems and controls. Between June 2014 and July 2017 Gatehouse failed to conduct sufficient checks on its customers based in countries with a higher risk of money laundering and terrorist financing. Gatehouse also failed to undertake the […]

In new guidance published today, the Financial Conduct Authority (FCA) has set additional expectations for banks that are considering branch or ATM closures. The guidance, which already expects banks to carry out thorough checks on the impact permanent closures will have on customers, has now been extended to cover partial closures. While banks may continue […]

With the cost of living impact deepening, the FCA launches its latest ScamSmart campaign aimed at giving consumers the knowledge and tools to avoid pension scams. A quarter of consumers would withdraw pension savings to cover the cost of living, making them vulnerable to ‘misdirection’ scam tactics Just as with magic tricks, scammers are distracting […]

A Financial Conduct Authority (FCA) review of business interruption claims handling has welcomed insurers quickly paying out interim payments, reallocating resources quickly and proactively communicating with policyholders to help them with claims following the test case judgment handed down by the Supreme Court last year. However, the FCA has raised concerns over how firms handled […]

Birmingham Inner Circle Community Credit Union Limited was placed into administration on 26 September 2022 and has now stopped trading. Dina Devalia and James Varney of Quantuma Advisory Limited have been appointed as joint administrators. Birmingham Inner Circle Community Credit Union Limited is a financial co-operative owned by its members. It is regulated by the […]

We have published a Consultation Paper (CP) proposing new guidance on the regulatory perimeter for trading venues. This consultation is part of the Wholesale Markets Review (WMR), the review of the UK wholesale financial markets we have been conducting with the Treasury. Since the current regulatory framework was introduced, changes in technology and market structure […]