Financial Conduct Authority

Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.

Source: fca.org.uk

UK’s FCA Seeks Comments on Streamlining Investor Protection Rules
UK’s FCA Seeks Comments on Streamlining Investor Protection Rules
November 27, 2024  |  Regulation

The United Kingdom’s Financial Conduct Authority launched a consultation on proposals to transfer firm-facing requirements of the Markets in Financial Instruments Directive Organisational Regulation (MiFID...

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UK Targets 2026 for Crypto Rules as Digital Asset Ownership Climbs
UK Targets 2026 for Crypto Rules as Digital Asset Ownership Climbs
November 26, 2024  |  Cryptocurrency

The United Kingdom’s Financial Conduct Authority published its cryptocurrency regulation roadmap amid increasing digital asset ownership. It plans to issue its final crypto rules in...

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UK’s FCA Aims to Support Competitiveness of Financial Services Sector
UK’s FCA Aims to Support Competitiveness of Financial Services Sector
November 25, 2024  |  Regulation

The United Kingdom’s Financial Conduct Authority (FCA) has launched an economic research competition that will award four winners up to 30,000 pounds (about $37,726) to...

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Barclays Calls on Ex-CEO to Fight $50 Million UK Fine
Barclays Calls on Ex-CEO to Fight $50 Million UK Fine
November 24, 2024  |  Legal

Barclays has reportedly asked ex-CEO John Varley to help it challenge a $50 million fine. The British banking giant will appear before the upper tribunal...

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Revolut to Expand Trading Products After Receiving UK License
Revolut to Expand Trading Products After Receiving UK License
November 18, 2024  |  International

Global FinTech Revolut plans to offer its customers in the United Kingdom new trading products and features after receiving a U.K. trading license from the...

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FCA Gives Auto Lenders More Time to Manage Customer Complaints
FCA Gives Auto Lenders More Time to Manage Customer Complaints
November 13, 2024  |  Regulation

The U.K.’s financial watchdog is giving auto financing companies more time to deal with customer complaints. The Financial Conduct Authority (FCA) announced this decision Wednesday (Nov. 13) in the...

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UK’s FCA Fines Metro Bank $21 Million for Money Laundering Protection Lapses
UK’s FCA Fines Metro Bank $21 Million for Money Laundering Protection Lapses
November 12, 2024  |  AML

The United Kingdom’s finance regulator fined Metro Bank for failing to monitor money laundering risks. The Financial Conduct Authority said Metro must pay 16.7 million...

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UK Government Aims to Provide More Protections to BNPL Users
UK Government Aims to Provide More Protections to BNPL Users
October 17, 2024  |  Buy Now Pay Later

The U.K. government said Thursday (Oct. 17) that it aims to provide buy now, pay later (BNPL) users with many of the protections provided by...

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Starling Fined $38 Million for ‘Shockingly Lax’ Crime Controls
Starling Fined $38 Million for ‘Shockingly Lax’ Crime Controls
October 02, 2024  |  Bank Regulation

Starling Bank has been fined 29 million pounds ($38 million) for failing to implement proper financial crime controls. The U.K. Financial Conduct Authority (FCA) announced the penalty against...

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