RSS Blog Updates From cointelegraph
RSS Blog Updates From FCA
  • FCA to strengthen financial promotions rules to protect consumers
    The FCA is acting to address concerns about the ease and speed with which people can make high-risk investments by proposing a significant strengthening of its rules on how high-risk financial products are marketed. This is a central element of the FCA's Consumer Investments Strategy, published in September 2021, which aims to give consumers the confidence […]
    FCA
  • Update for firms on PRIIPs RTS Article 18 and related rules
    As part of the Financial Services Act 2021, Parliament legislated to extend the Undertakings for the Collective Investment in Transferable Securities (UCITS) exemption in The Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation (as enacted in retained EU law) by 5 years – from 31 December 2021 to 31 December 2026. This extension means that […]
    FCA
  • FCA fines HSBC Bank plc £63.9 million for deficient transaction monitoring controls
    The FCA has fined HSBC Bank plc (HSBC) £63,946,800 for failings in its anti-money laundering processes. HSBC used automated processes to monitor hundreds of millions of transactions a month to identify possible financial crime. However, the FCA found that three key parts of HSBC’s transaction monitoring systems showed serious weaknesses over a period of eight […]
    FCA
  • Statement on supervision of commodity derivatives position limits
    In December 2020, we published aSupervisory Statementsetting out our approachto operatingthe MiFID markets regime after the end of the EU withdrawal transition period. Thisapproachincluded a change tooursupervisory and enforcement actionsforcommodity derivative position limits in the light of evidence of potential constraints on market functioning highlighted during the coronavirus (Covid-19) crisis.Liquidity providers’ability to take on positions […]
    FCA
  • 10% depreciation notifications: further extension of temporary measures for firms
    Since March 2020 we have adopted temporary measures on the requirement for firms to issue 10% depreciation notifications to investors (COBS 16A.4.3 UK). The measures were put in placeinitiallyto help firms support consumers during market volatility linkedtoCovid-19 and the Brexit transitional period. We said we would show supervisory flexibilitytofirms’ ongoing compliance with the requirement so […]
    FCA
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