FCA fines LBGI £90 million for failures in communications for home insurance renewals between 2009 and 2017
The FCA has fined LBGI (Lloyds Bank General Insurance Limited, St Andrew’s Insurance Plc, Lloyds Bank Insurance Services Limited and Halifax General Insurance Services Limited) £90,688,400 for failing to ensure […]
FCA, PRA and Bank of England set out plan to improve diversity and inclusion in regulated firms
On 7 July 2021, the FCA, the PRA and the Bank of England published a discussion paper on regulatory plans to improve diversity and inclusion in financial services. In the discussion […]
FCA Implementation of Investment Firms Prudential Regime
On 29 June 2021, the FCA published Policy Statement PS21/6 which is the first of the Policy Statements issued to introduce the UK Investment Firms Prudential Regime (IFPR). IFPR is […]
FCA fines Crosfill & Archer Claims Limited £110,000
On 28 June 2021, the FCA announced that it had fined claims management company, Crosfill & Archer Claims Limited, £110,000. This fine was for making unsolicited telemarketing calls to people […]
FCA Review of host Authorised Fund Management firms
On 30 June 2021, the FCA published its review of host Authorised Fund Management firms. The FCA wanted to test the viability of the host Authorised Fund Manager (AFM) business […]
FCA research reveals increase in cryptoasset ownership
On 17 June 2021, the FCA published research estimating that 2.3 million adults now hold cryptoassets (up from 1.9 million last year). 78% of adults have now heard of cryptoassets, […]
FCA Temporary Registration Regime extended for cryptoasset businesses
On 3 June 2021, the FCA announced it would extend the end date of the Temporary Registrations Regime (TRR) for existing cryptoasset businesses from 9 July 2021 to 31 March […]