Bing alternative finance

Point72 won't get FCA approval as a hedge fund - Automated Trader

Thu, 08/10/2017 - 17:56

Point72 won't get FCA approval as a hedge fund
Automated Trader
Point72, which manages about 11 billion USD of Steve Cohen's personal fortune, will not receive regulatory approval in the UK by the Financial Conduct Authority (FCA). Family offices need FCA approval to oversee other investors' money or to implement ...

ThinCats granted full FCA authorisation - Bridging & Commerical

Thu, 08/10/2017 - 16:22

Bridging & Commerical

ThinCats granted full FCA authorisation
Bridging & Commerical
The alternative lender claimed that the FCA's approval highlighted its commitment to protect customers while developing the alternative finance industry. The authorisation will allow the lender to offer a full spectrum of smart investment products ...

ThinCats granted full FCA authorisation - Bridging & Commerical

Thu, 08/10/2017 - 16:22

Bridging & Commerical

ThinCats granted full FCA authorisation
Bridging & Commerical
The alternative lender claimed that the FCA's approval highlighted its commitment to protect customers while developing the alternative finance industry. The authorisation will allow the lender to offer a full spectrum of smart investment products ...

FCA issues warning over payday loan firm - Loan Talk

Thu, 08/10/2017 - 12:10

Loan Talk

FCA issues warning over payday loan firm
Loan Talk
The FCA has issued a warning over a payday loan firm it believes is providing financial services or products in the UK without its authorisation. Britain Loans – also ... this unauthorised firm. “This firm is not authorised by us and is targeting ...

Lothian to increase collaboration with Falkirk following FCA authorisation - IPE.com

Wed, 08/09/2017 - 13:37

Lothian to increase collaboration with Falkirk following FCA authorisation
IPE.com
Two Scottish local government pension schemes (LGPS) are increasing their collaboration efforts to improve investment and efficiency through economies of scale. The £6.6bn (€7.3bn) Lothian Pension Fund said it had agreed a joint investment strategy ...

Lothian to increase collaboration with Falkirk following FCA authorisation - IPE.com

Wed, 08/09/2017 - 13:37

Lothian to increase collaboration with Falkirk following FCA authorisation
IPE.com
Two Scottish local government pension schemes (LGPS) are increasing their collaboration efforts to improve investment and efficiency through economies of scale. The £6.6bn (€7.3bn) Lothian Pension Fund said it had agreed a joint investment strategy ...

Categories: P2P Lending

Top tips to leave your network: Alastair McKee - Mortgage Strategy

Wed, 08/09/2017 - 12:25

Top tips to leave your network: Alastair McKee
Mortgage Strategy
Here are his top tips for brokers wanting to start to process of moving from being appointed representatives to directly authorised firms. 1. When you apply for your new FCA authorisations, think about whether you should do it 'under the table' and set ...

Tenet questions FCA's manager rules for networks - FT Adviser

Wed, 08/09/2017 - 10:43

FT Adviser

Tenet questions FCA's manager rules for networks
FT Adviser
Under the regime, anyone who holds a senior management function at an advice firm will need to be approved by the FCA and every senior manager will need to fill out a statement of responsibilities explaining what they are responsible for. This will ...
Banned network boss: 'There was no malice involved'Money Marketing
FCA's decision to fine and ban Charles Palmer former CEO of Adviser Network upheldLeapRate
Tribunal upholds FCA ban and fine for ex-network chiefMortgage Solutions (registration) (blog)

all 10 news articles »

Ex-network chief loses FCA ban battle - Citywire.co.uk

Wed, 08/09/2017 - 09:33

Citywire.co.uk

Ex-network chief loses FCA ban battle
Citywire.co.uk
Mark Steward, executive director of enforcement and market oversight at the FCA, said: 'Palmer's conduct fell well below the standards the FCA would expect of a senior manager of an authorised firm. His conduct was made worse by the fact that he did ...

ThinCats Receives Full Authorization By the Financial Conduct Authority - Crowdfund Insider

Tue, 08/08/2017 - 15:16

Crowdfund Insider

ThinCats Receives Full Authorization By the Financial Conduct Authority
Crowdfund Insider
ThinCats, an alternative lending industry leader, announced on Tuesday it has received full authorization by the Financial Conduct Authority (FCA). ... “We are delighted to have been granted FCA authorisation, proving the dedication of our team and ...

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ThinCats gains FCA authorisation - Finextra Research - Finextra

Tue, 08/08/2017 - 14:10

Crowdfund Insider

ThinCats gains FCA authorisation - Finextra Research
Finextra
ThinCats is thrilled to announce that the company has been granted full authorisation by the Financial Conduct Authority.
ThinCats Receives Full Authorization By the Financial Conduct ...Crowdfund Insider

all 2 news articles »

ThinCats gains FCA authorisation - Finextra

Tue, 08/08/2017 - 14:05

ThinCats gains FCA authorisation
Finextra
John Mould, CEO at ThinCats, commented: “We are delighted to have been granted FCA authorisation, proving the dedication of our team and processes. We are very happy that more and more alternative finance providers are now being authorised, as it ...

Categories: Alt Fi

FCA expands probe into ongoing adviser charging - FT Adviser

Tue, 08/08/2017 - 10:13

FCA expands probe into ongoing adviser charging
FT Adviser
But the FCA found that smaller, directly authorised firms, tended to do worse, prompting the regulator to follow-up its findings. The FCA is understood to be asking firms about how their ongoing services and charges work. Speaking after the publication ...

Investment Funds Update: Europe - United Kingdom - Lexology (registration)

Tue, 08/08/2017 - 09:58

Investment Funds Update: Europe - United Kingdom
Lexology (registration)
The extended SM&CR would replace the current FCA approved persons regime. The FCA considers that the extension will make individuals more accountable for their conduct and competence, thus strengthening market integrity. The proposals include five ...

eMerchantPay Obtains Authorised Electronic Money Institution (EMI) Status in UK - Finance Magnates

Tue, 08/08/2017 - 07:48

Finance Magnates

eMerchantPay Obtains Authorised Electronic Money Institution (EMI) Status in UK
Finance Magnates
The new FCA status as an Authorised Electronic Money Institution enables eMerchantPay to issue electronic money and to carry out various related payments services. As per the FCA license details, the updated status allows eMerchantPay to enable cash ...

and more »Google News

'Child of the financial crisis': Pressure points for firms following FCA's SM&CR extension - Investment Week

Mon, 08/07/2017 - 13:43

Investment Week

'Child of the financial crisis': Pressure points for firms following FCA's SM&CR extension
Investment Week
Regulatory experts have welcomed the Financial Conduct Authority's (FCA) proportionality-driven proposals for the extension of the Senior Managers and Certification Regime (SM&CR) to nearly all regulated firms, including asset and wealth managers, but ...

Categories: P2P Lending

Lithuania plans regulatory sandbox - Finextra Research - Finextra (press release)

Mon, 08/07/2017 - 09:16

Finextra (press release)

Lithuania plans regulatory sandbox - Finextra Research
Finextra (press release)
Lithuania is bolstering its credentials as an EU-friendly destination for Brexit startup refugees with the proposed opening of a regulatory sandbox for...

and more »Google News

FCA crack down on authorisation backlog bears fruit - FT Adviser

Mon, 08/07/2017 - 07:32

FT Adviser

FCA crack down on authorisation backlog bears fruit
FT Adviser
“The table showing maximum times illustrates this variability.” The overwhelming majority of applications are approved – 93 per cent of them – with the FCA saying most applicants prefer to withdraw rather than face a refusal. On average it takes the ...
New FCA Authorised Website Launched Called companyfundingoptions.co.uk Aims to Simplify Finding Finance for ...PR Web (press release)

all 4 news articles »
Categories: Alt Fi

UK's peer-to-peer lenders to be asked to reveal past defaults - Financial Times

Sun, 08/06/2017 - 15:47

Financial Times

UK's peer-to-peer lenders to be asked to reveal past defaults
Financial Times
The FCA is expected to announce new measures later this year, including forcing P2P groups to give extra information on the past performance of loans and on how much due diligence they have done on the borrowers' past performance. ... P2P lender by ...

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Categories: EIS SEIS

Experts warn savers to be wary of cashing in 'gold-plated' pensions - The Scotsman

Sat, 08/05/2017 - 22:14

The Scotsman

Experts warn savers to be wary of cashing in 'gold-plated' pensions
The Scotsman
Savers should beware of pensions and investments scams. The Financial Conduct Authority's website has tips to spot signs of fraud at scamsmart.fca.org.uk. The FCA also lists authorised firms at fca.org.uk/firms/financial-services-register. More from ...

Categories: Alt Fi

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