FCA supremos appear before Treasury Committee

On 8th May 2024 Ashley Alder (Chair of the FCA) and Nikhil Rathi (Chief Executive of the FCA) appeared before the Treasury Committee to answer questions about, amongst other things, the regulator’s proposals to revise its approach to publicising investigations. Prior to attending the meeting, representatives from the FCA provided a series of written responses […]

FCA Perimeter Report: selected takeaways from most recent update

On 5th April 2024 the Financial Conduct Authority (“FCA”) published some updates to its Perimeter Report. In this brief piece we summarise some notable takeaways that are likely to be of interest to our readers, but which have not been extensively covered elsewhere. Marketing of CFDs and other high-risk derivatives The FCA is aware that […]

Disclosure of investigations: FCA responds to the House of Lords

On 18th April 2024 the House of Lords Financial Services Regulation Committee (“FSRC”) wrote to the Financial Conduct Authority (“FCA”) to express the following concerns about the proposals in CP24/2 to disclose details of ongoing investigations: the potential for an adverse impact on firms named in investigations which are later cleared; and similarly, possible negative […]

PRESS RELEASE: ICA Compliance Awards 2024 – C&G shortlisted

C&G REGULATORY SOLUTIONS AND ITS CEO ALEXANDER CULLEY SHORTLISTED IN PRESTIGIOUS ICA COMPLIANCE AWARDS 2024 LONDON, April 9, 2024 – C&G Regulatory Solutions is proud to be shortlisted for an ICA Compliance Award for Compliance Consultancy Firm of the Year, whilst its CEO Alexander Culley has been shortlisted in the Compliance Influencer of the Year category. The […]

FCA fines and bans ex-director and compliance officer

On 13th February 2024 the UK Financial Conduct Authority (“FCA”) announced that it had fined Floris Jackobus Huisamen, a former director and compliance officer of London Capital and Finance PLC (“LCF”) £31,800 (after applying a 30% discount for settlement) and banned him from working in financial services. Mr Huisamen was found to have recklessly signed […]

Brokerage firms: summaries of recent enforcement cases

Q4 2023 and Q1 2024 was a busy period on the enforcement front. In this article we summarise four key cases from around the world. The lessons from these cases  will be of interest to professionals working for brokerage firms, wherever they are located. ICE Futures Europe (“ICE EU”) / RJ O’Brien (MENA) Capital Limited […]

FCA announces plans to publicise investigations

On 27th February 2024 the UK Financial Conduct Authority (“FCA”) published Consultation Paper 24/2 (“CP 24/2”) announcing its intention to publicise investigations. It is also proposing to make revisions to its Enforcement Guide (“EG”), chiefly to remove information that it considers to be out of date or superfluous. In this circular we summarise the FCA’s […]

FCA publishes final report outlining its ICARA observations

On 27th November 2023 the UK Financial Conduct Authority (“FCA”) published its final report outlining how investment firms are engaging with the Internal Capital Adequacy and Risk Assessment (“ICARA”) process introduced by MiFIDPRU on 1st January 2022. The report builds upon the initial feedback provided by the FCA in February. The final report is essential […]

Don’t get mauled by a money mule!

C&G publishes free educational presentation: Don’t get mauled by a money mule! Money mules. What are they? Why do they pose a threat to financial services firms and their customers? What steps does the Financial Conduct Authority (“FCA”) expect firms to take to counter this threat? To help you gain a quick answers to these […]

C&G teams up with CTP to offer training courses on the AR regime

On 28th September 2023 the Financial Conduct Authority (“FCA”) published its latest insights into the workings of the UK’s appointed representative regime ( the “AR regime”). Referring to data harvested from supervisory efforts conducted in 2021 and 2022, the FCA provided feedback on good and poor practice that it had observed and restated its enhanced […]