FCA Market Watch 79

FCA Market Watch 79

In May, FCA Market Watch 79 discussed failures in market abuse surveillance attributed to issues with data, automated alert logic and testing of surveillance models. The FCA believes that firms may find these observations useful for enhancing the implementation, testing, and oversight of their technical systems for market abuse surveillance, thereby reducing the risk of […]

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 […]

Latest FCA Social Media Guidance

Latest FCA social media guidance

On 26 March 2024, the latest FCA social media guidance was published. This follows the draft guidance published in July 2023. For a recap of key proposals, we recommend reading our previous article on GC23/2. This guidance supersedes and replaces the previous FCA guidance on social media from 2015. The purpose of this article is […]

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 […]

FCA Market Watch 77

Financial Crime, Market Watch 77, OCG

Introduction FCA Market Watch 77[1] was published in February shedding some light on the trading activities of organised crime groups (OCGs) within equity markets. The UK regulator emphasises the risks that OCGs pose to market integrity and the actions firms can take to mitigate these risks. This article is a bitesize recap for busy professionals. […]

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 […]