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New appointment to Financial Conduct Authority board announced
The Treasury confirms the appointment of Bryan Zhang as a Non-Executive Director to the FCA Board. -
FCA discontinues criminal proceedings against Konstantinos Papadimitrakopoulos and Dimitris Gryparis
The FCA has withdrawn arrest warrants for Konstantinos Papadimitrakopoulos and Dimitris Gryparis, respectively the former chief executive and chief financial officer of Globo plc. -
FCA requests information from firms about delivery of their ongoing advice services and the Consumer Duty
FCA is collecting this information to assess what, if any, further regulatory work it may undertake in this area. -
Update on Link Fund Solutions (LFS) scheme of arrangement
We are pleased that the Court has decided to approve the Scheme. We understand that LFS expect to start making payments to Scheme Creditors as soon as possible, if there is no appeal of the Judge’s decision. -
FCA statement on Nvayo Limited
The Upper Tribunal has agreed not to suspend restrictions we placed on e-money firm Nvayo Limited. -
The FCA and Practitioner Panel joint survey for 2024 launches
The FCA and Practitioner Panel survey is being sent to a sample of regulated firms, to gather their feedback on how we are doing in regulating the industry. -
FCA statement on judicial review of debt packager measures
The Administrative Court has refused permission for Promethean Finance Limited to bring a judicial review claim to challenge the FCA’s rules that ban referral fees. -
FCA establishes industry-led working group for financial advisers
The FCA has appointed Daniel Godfrey as chair and Julia Dreblow as vice-chair of a new working group focused on building capability in sustainable finance across the financial advice sector. The Personal Investment Management & Financial Advice -
Aviation and Tech Capital Ltd, trading as Ablrate, enters administration
Aviation and Tech Capital Ltd t/a Ablrate, a regulated Peer-to Peer firm, has entered administration. -
FCA to undertake work in the motor finance market
The FCA will review historical motor finance commission arrangements and sales across several firms.