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FCA and PRA appoint new Chair of the FSCS
The FCA and the Prudential Regulation Authority (PRA) have appointed Elizabeth Passey as chair of the Financial Services Compensation Scheme’s (FSCS) board. -
Olumide Osunkoya pleads guilty to illegally operating crypto ATM network
Mr Olumide Osunkoya pleaded guilty to 5 offences at today’s hearing at Westminster Magistrates’ Court. -
Proposed new rules to better protect customers of payments firms
The FCA is stepping in to better protect customers when payments and e-money firms go out of business. -
Extension to motor finance complaint handling pause confirmed
We have extended the pause to the deadline for motor finance firms to provide a final response to customer complaints regarding discretionary commission arrangements (DCA) until 4 December 2025. -
Senior independent director review into whistleblowing concerns
In line with the corporate governance of the FCA, the board’s senior independent director, Richard Lloyd, carried out an internal review of the handling of two individuals’ whistleblowing communications by the chair. -
Reforms to financial services retail-disclosure requirements
The Government and FCA announce plans to reform UK retail disclosure rules and will temporarily exempt investment trusts from assimilated EU law requirements. -
Statement on forbearance in relation to investment trust disclosure requirements
This statement sets out our forbearance given the Government’s intention to exclude some investment trusts from the PRIIPs Regulation and other assimilated law. -
FCA publishes update on cash savings market and fair value
We have published an update on the actions we have taken since our July 2023 cash savings market review, and the work we have done with the largest 9 firms on the value they provide. -
New FCA rules to protect access to cash already having an impact
New rules from the FCA to protect access to cash have come into force and are having a positive impact in local communities. -
FCA charges first individual with running a network of illegal crypto ATMs
The FCA has charged Mr Olumide Osunkoya for unlawfully running multiple crypto ATMs without FCA registration.