New platform to replace Gabriel and improve the way the FCA collects data from firms

The Financial Conduct Authority has announced that it has started work to improve the way it collects data from firms and plans to move to a new platform for its data collection systems which will replace Gabriel. This work is central to the FCA’s Data Strategy, which is designed to help the FCA deepen it’s […]

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HM Treasury publishes an updated advisory notice on money laundering and terrorist financing controls in overseas jurisdictions.

HM Treasury publishes an updated advisory notice on money laundering and terrorist financing controls in overseas jurisdictions. The document contains advice issued by HM Treasury about risks posed by unsatisfactory money laundering and terrorist financing controls. HM Treasury advises firms to consider the following: • Consider as high risk and apply counter measures and enhanced […]

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FCA proposes ban on sale of crypto-derivatives to retail consumers

The Financial Conduct Authority has published Consultation Paper CP19/22 on restricting the sale to retail clients of investment products that reference cryptoassets. They are consulting on banning the sale, marketing and distribution of derivatives and exchange traded notes (ETNs) reference certain types of unregulated, transferable cryptoassets to all retail clients by firms in, or from, […]

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FCA confirms permanent restrictions on the sale of CFDs and CFD-like options to retail consumers

The Financial Conduct Authority has published Policy Statement PS19/18 on restricting contract for difference products sold to retail clients. The FCA has finalised rules restricting how CFDs and CFD-like options are sold, marketed and distributed to retail consumers. In the PS, the FCA requires firms that offer CFDs and CFD-like options to retail clients to: […]

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FCA policy statement on rates of regulated fees and levies for 2019/20

The Financial Conduct Authority has published Policy Statement PS19/19 on the proposed 2019/20 regulatory fees and levies. The FCA published the summary and their response in the PS and the 2019/20 periodic fees and levies for: Financial Conduct Authority (FCA) Financial Ombudsman Service general levy Money and Pensions Service Devolved Authoritites Illegal money lending (IML) […]

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FSB publishes progress report on implementing the FSB Principles for Compensation

The Financial Stability Board (FSB) has published its sixth progress report: Implementing the FSB Principles for Sound Compensation Practices and their Implementation Standards (P&S). The P&S were developed by the FSB in the aftermath of the global financial crisis to promote sound compensation practices and align compensation with prudent risk-taking, particularly at financial institutions that […]

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