We have responded to the Government, setting out the significant work we already have underway and how we will go further to support growth. Read our letter.

The FCA has set out plans to simplify the information supplied to investors to boost confidence and drive investment. Under the current rules, introduced across Europe when the UK was in the EU, people buying investments like investment funds are supplied with standardised documents covering prescribed information.In practice these documents were often complex, unclear, and […]

Clear crypto regulation will improve the integrity of the UK’s crypto markets, help protect people and support the UK's growth and competitiveness. Admissions and disclosures and market abuse regimes are crucial to improving the integrity and cleanliness of our crypto markets, as well as helping people make informed financial decisions.Our Discussion Paper DP24/4 (Admissions & […]

The FCA has decided to ban Mr Richard Fenech and Ms Heather Dunne from working in financial services and fine them £270,646 and £399,817 respectively. The FCA found that the pair operated a flawed advice model that put customers’ guaranteed pension benefits at significant risk, and that Ms Dunne failed to act with due skill, […]

We have published a new report and an update on our work to establish an equities consolidated tape. A consolidated tape (CT) collates market data, such as prices and volumes associated with trades in a financial market. It aims to provide a comprehensive picture of transactions in a specific asset class, bringing together trades executed […]

Proposals for a new platform — The Private Intermittent Securities and Capital Exchange System (PISCES) — on which shares in private companies will be bought and sold have been set out by the FCA. PISCES will open the door to more opportunities for investors to take stakes in private companies. Greater confidence to invest in […]

We welcome the additional clarity the judgment brings to discretionary commission arrangement (DCA) complaints. On 17 December 2024, the High Court found in favour of the Financial Ombudsman Service, in a review of its decision to uphold a complaint relating to a discretionary commission arrangement (DCA) in a motor finance agreement. The Court dismissed all […]

Latest research reveals that young investors are making important investment decisions in a matter of hours, rather than taking the time to check out whether the product is right for them in the long-term. A quarter of young investors admit they make investment decisions impulsively to keep up with current trends.£550 is average spend on […]

We welcome the Court of Appeal’s judgment which found that our decision to ban Mr Markou from financial services was the correct one. The Court of Appeal also determined that it was appropriate to fine Mr Markou £10,000.BackgroundIn 2021 the FCA published this Decision Notice in respect of Markos Markou, director and chief executive of […]

The FCA has charged John Dance with 9 criminal offences, including multiple counts of fraud and money laundering. John Dance was principal partner at WealthTek LLP (formerly known as Vertus Asset Management LLP (Vertus)), a wealth management firm.Prior to WealthTek obtaining direct authorisation from the FCA in 2020, Vertus operated first as a trading name […]

The Financial Conduct Authority (FCA) has today opened further floor space at its existing base at 6 Queen Street, increasing it by an additional 5,000 square feet. First opened in 2022, the FCA’s regional office in Leeds is now a base for over 300 employees, with around 100 more people expected to be welcomed into […]

The FCA has called for people who may have invested in Collateral to come forward to the regulator so they can receive an apology. If you invested in Collateral and haven’t complained yet, fill out our complaint form by 31 March 2025.Collateral offered peer-to-peer style investments. Its directors were able to fraudulently change details about […]

The extension will help prevent disorderly, inconsistent and inefficient outcomes for consumers and firms. We have extended the time firms have to respond to complaints about motor finance agreements not involving a discretionary commission arrangement (DCA). Firms now have until after 4 December 2025 to provide a final response to non-DCAs, in line with the […]

On 26 September 2024, the Financial Services Compensation Scheme (FSCS) declared Colbourne & Company in default. This means the firm is no longer trading. Colbourne & Company (FRN: 125003) is a sole trader and is authorised and regulated by the FCA. The firm has a range of permissions which include:assisting in administration of insurancearranging deals […]

Two FCA investigations involving unauthorised debt and claims management activities have resulted in arrests. The FCA, with the support of West Midlands Police, the Eastern Region Special Operations Unit and Police Scotland, has recently conducted 2 operations to search 7 addresses across the West Midlands, Cambridgeshire, Stirling and Cumbernauld. Two individuals were arrested in Birmingham […]

The Bank of England (Bank), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA), and the Payment Systems Regulator (PSR) (the Authorities) have a Memorandum of Understanding (MoU) which sets out the high-level framework that we use to cooperate with one another in relation to payment systems in the UK. The Financial Services (Banking […]

The FCA has fined Arian Financial LLP (Arian) £288,962.53 for failing to ensure it had effective systems and controls against financial crime. Arian’s failure to implement adequate systems and controls against financial crimeput it at risk of being used to support fraudulent trading and money laundering on behalf of clients of the Solo Group.This is […]

The FCA has issued a Final Notice objecting to the proposed acquisition of Olampicaran Limited (Olampicaran) by Mr Ahmed. Mr Ahmed failed to notify and seek approval from the FCA, causing harm to the integrity of the UK payment services market. Mr Ahmed sought to acquire 100% control of Olampicaran, which was a small payments […]

This page contains information about fines published during 2025. The total amount of fines so far is £288,962.53. Firm or individual finedDateAmountReasonArian Financial LLP9/1/2025£288,962.53This Final Notice refers to breaches of PRIN 2 and PRIN 3 related to the risk of financial crime in the trading firm sector. This case was referred to the Upper Tribunal […]

Our response to the Supreme Court's decision to hear an appeal on 3 motor finance cases. We welcome the swiftness of the Supreme Court's decision to hear an appeal against the Court of Appeal's judgment in 3 recent motor finance cases involving Close Brothers and FirstRand Bank.We previously wrote to the Supreme Court (PDF) asking […]