We announced a package of measures a year ago to improve trust in and transparency of sustainable investment products.We know many consumers care about investing in products that have a positive impact on the planet and people. Results from our Financial Lives survey show that 81% of adults would like their investments to do some […]

The FCA has fined Macquarie Bank Limited — London Branch (MBL) £13m for serious failings that allowed one of its employees to record over 400 fictitious trades. From June 2020 to February 2022, Travis Klein, a trader based on MBL’s London Metals and Bulks Trading Desk was able to record and take steps to conceal […]

The FCA is committed to supporting growth. The financial services sector is the engine of the country’s economy. A successful sector drives prosperity for companies, getting money to flow to small and medium-sized businesses allowing them to invest and grow.The UK is a magnet for talent and investment, with London ranking as the world’s second […]

The FCA has banned Mr Ari Harris from working in financial services. In July 2020, Mr Harris was convicted of inflicting grievous bodily harm without intent after stabbing a man twice in the neck. He was sentenced to 3 years’ imprisonment in July 2022. Mr Harris and Reeds Motors Ltd (the firm), of which he […]

The FCA is improving the accuracy of the market cleanliness statistic (MCS), used in its annual report to measure insider trading. The MCS is based on abnormal stock price movements before takeover offer announcements.In future, the FCA will:detect abnormal price movements that happen on the same day as an announcement because the price information used […]

The FCA has started criminal proceedings against 4 individuals for conspiracy to commit false accounting, with 3 of them facing further charges for fraud. Terry Dodd, John Riley and Brian Flanagan have been charged for fraudulently abusing their positions as directors of the Dial-A-Cab Credit Union for their own personal gain.The FCA alleges that the […]

The proposed extension would allow firms more time to handle complaints efficiently and effectively and help prevent disorderly, inconsistent and inefficient outcomes for consumers and firms. The FCA is seeking feedback on proposals to extend the time firms have to respond to motor finance complaints where a non-discretionary commission arrangement was involved. The regulator previously […]

The FCA has found that while life insurers provide good service to bereaved customers, they need to settle claims quicker and improve how they measure customer experience. The multi-firm review found evidence of good practice, such as firms providing additional support for claimants throughout what is a difficult time for them. The FCA also recognises […]

The competition will award funding for several research projects focused on growth, competitiveness and regulation in the UK financial services sector. The FCA is launching its first competition to fund research into how regulation can support national growth. This follows a review of recent literature which found significant gaps in the available research.Applicants should submit […]

The FCA has fined Barclays £40 million in total for its failure to disclose certain arrangements with Qatari entities in 2008. This follows Barclays' decision to withdraw its referral of the FCA's planned action to the Upper Tribunal. The action was based on findings which included that Barclays' conduct in its October 2008 capital raising […]

The FCA is establishing a bond consolidated tape (CT) to ensure that data is accessible in a cost-effective way. A bond CT collates data on transactions, such as prices and volumes, bringing together data on trades executed on trading venues as well as those arranged over-the-counter.We are starting the process of appointing a bond CT […]

We brought together over 100 organisations involved in the industry, like crypto exchanges, banks, trading firms, blockchain analytics companies, law firms, industry associations and universities. Government officials, academics and other regulatory authorities including the Treasury and Bank of England. The US Securities and Exchange Commission also joined us to share their views.Together, we discussed the […]

According to the FCA's latest research on consumer attitudes and behaviours towards crypto, 12% of UK adults now own crypto, up from 10% in previous findings. Awareness of crypto also rose from 91% to 93%. The average value of crypto held by people increased from £1,595 to £1,842. Respondents told the FCA that information from […]

Speech by Emily Shepperd, FCA chief operating officer, delivered at the TheCityUK National Conference in Birmingham.

The FCA has fined András Sebők, former chief supply chain officer at Wizz Air Holdings plc (Wizz Air), £123,500 for trading company shares when he wasn’t permitted to, and failing to disclose his trades. Mr Sebők carried out the trades in his capacity as a person discharging managerial responsibility (PDMR) at Wizz Air. It was […]

The MiFID Organisational Regulation (MiFID Org Reg) is EU law we have adopted which contains key conduct, systems and controls obligations for firms, in particular investment firms. Following the Treasury’s announcement to lift requirements from legislation into the FCA’s rulebook, this consultation sets out our proposals for transferring the rules without policy changes.We are maintaining […]

The FCA has published the second phase of its consultation on proposals for a measured increase in transparency about its enforcement investigations, and set out plans for further engagement after significant concerns were raised in relation to the original consultation. The further consultation also aims to assist ongoing parliamentary scrutiny, including by the Commons’ Treasury […]

Speech by Sarah Pritchard, executive director, markets and executive director, international at the TISA (The Investing and Saving Alliance) Annual Conference.

We're updating the direction modifying the UK’s derivatives trading obligation (DTO) from 31 December 2024. This will replace the transitional direction which is expiring.The DTO is a G20 commitment to improve over-the-counter derivatives markets. The UK has implemented this commitment through Article 28 of the UK Markets in Financial Instruments Regulation (MiFIR). Under Article 28 […]

The FCA welcomes the Government’s publication of their consultation response and the draft legislation on bringing environmental, social and governance (ESG) ratings providers into regulation. This is widely supported by industry. As financial services firms integrate ESG into their activities and expand their products in this space, they are increasingly reliant on third party ESG […]