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FCA fine Charles Schwab over £8 million
Click below for the full article…. FCA fines Charles Schwab UK £8.96 million over safeguarding and compliance failures | FCA
The FCA fines Barclays £26 million over treatment of customers in financial difficulty
Click the below link to read the complete article… FCA fines Barclays £26 million over treatment of customers in financial difficulty | FCA
Speech by Jonathan Davidson of the FCA
Speech by Jonathan Davidson of the FCA “Acting flexibly and treating customers fairly in the face of a pandemic” https://www.fca.org.uk/news/speeches/acting-flexibly-treating-customers-fairly-pandemic
Dear CEO letter-Business Interruption (BI) insurance
The FCA issued a Dear CEO letter-Business Interruption (BI) insurance following the high court case. For a copy please see below link https://www.fca.org.uk/publication/correspondence/dear-ceo-letter-business-interruption-insurance.pdf
Business interruption case….
The High Court has today handed down its judgment in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case. See the link here https://www.fca.org.uk/news/press-releases/result-fca-business-interruption-test-case
Treating Vulnerable Customers Fairly
Today the FCA have published draft guidance to set out what firms should do to ensure vulnerable consumers are being treated fairly.
The FCA replaces its existing register…
The FCA will be replacing its existing Financial Services Register with an enhanced Financial Services Register later this month (27 July). See further details https://www.fca.org.uk/news/news-stories/fca-launch-enhanced-financial-services-register
Extension of the Senior Managers & Certification Regime (SM&CR)
Implementation periods for solo-regulated firms Read article here https://www.fca.org.uk/news/news-stories/extension-smcr-implementation-periods-solo-regulated-firms
More guidance from the FCA
Today the FCA have published guidance on our framework to help financial services firms ensure they have adequate financial resources and take effective steps to minimise harm to consumers and to markets. See link guidance
