Bing alternative finance

How the Certification Regime will be extended to insurers - Lexology (registration)

Fri, 08/04/2017 - 15:23

How the Certification Regime will be extended to insurers
Lexology (registration)
Where a senior manager applies to perform a PRA and FCA function (eg a CFO will be an FCA executive director as well as a PRA senior manager) the PRA's approval covers both roles. Note though that a PRA approved senior manager who later wishes to ...

and more »

Invesco Perpetual cleared to subscribe for Draper Esprit shares - DIGITALLOOK

Fri, 08/04/2017 - 14:09

DIGITALLOOK

Invesco Perpetual cleared to subscribe for Draper Esprit shares
DIGITALLOOK
The AIM-traded firm had announced on 2 June that Invesco Perpetual had agreed to subscribe for 1,851,851 ordinary shares at 324p, pursuant to the Invesco Perpetual Subscription Agreement and subject to approval from the FCA under section 185 of the ...

Google News

FCA authorisation times fall - Money Marketing

Fri, 08/04/2017 - 13:53

Money Marketing

FCA authorisation times fall
Money Marketing
FCA building FCA fees The amount of time that the FCA takes to authorise new retail firms has fallen for the fourth quarter in a row. Data released by the regulator today shows that the average time taken to process applications has dropped from around ...

Categories: Alt Fi

Sesame's Cowan warns against FCA senior managers changes - FT Adviser

Fri, 08/04/2017 - 12:33

Sesame's Cowan warns against FCA senior managers changes
FT Adviser
But Mr Cowan said: “Although networks are responsible for the regulated activities of their appointed representatives, it would appear to be contradictory to the aims of the regime to remove approved persons functions entirely from individuals who are ...

Banned US billionaire hedgie faces FCA block - Citywire.co.uk

Fri, 08/04/2017 - 07:10

Citywire.co.uk

Banned US billionaire hedgie faces FCA block
Citywire.co.uk
While the single family office does not currently need regulatory approval, it will do so if it wants to manage other peoples' money. Although the notification by the regulator does not mean that Cohen was denied authorisation, this will make it ...
Overview Of Competition At The UK Financial Conduct Authority- Speech By Mary Starks, Director Of Competition And ...Exchange News Direct
US hedge fund chief facing insider trading charges is barred in the UKThis is Money

all 24 news articles »

Draper Esprit equity issue following FCA approval - Stock Market Wire

Fri, 08/04/2017 - 06:48

Draper Esprit equity issue following FCA approval
Stock Market Wire
Invesco Perpetual agreed to subscribe for 13,580,247 ordinary shares at 324 pence apiece under the placing and, subject to FCA approval, 1,851,851 ordinary shares at the issue price under the Invesco Perpetual subscription agreement, representing, ...

Categories: P2P Lending

UK: Financial Conduct Authority Consults On Senior Managers And Certification Regime - Mondaq News Alerts (registration)

Thu, 08/03/2017 - 14:22

UK: Financial Conduct Authority Consults On Senior Managers And Certification Regime
Mondaq News Alerts (registration)
The consultation paper sets out the proposed rules implementing the extension of the Senior Managers and Certification Regime (SMCR) to all FCA-authorised non-banking firms in 2018. Feedback on the ... The proposed new rules require firms to obtain ...

and more »
Categories: EIS SEIS

Steven Cohen's Point72 faces regulatory rebuff in UK - Financial Times

Thu, 08/03/2017 - 04:02

Financial Times

Steven Cohen's Point72 faces regulatory rebuff in UK
Financial Times
Family offices are allowed to trade in the UK without the FCA's blessing, but must be approved to oversee anyone else's money. According to regulatory lawyers, family offices may also need FCA approval in order to implement certain changes to the way a ...

FCA Publishes Proposed Rules to Extend Senior Manager & Certification Regime to All Financial Services Firms - JD Supra (press release)

Wed, 08/02/2017 - 20:48

JD Supra (press release)

FCA Publishes Proposed Rules to Extend Senior Manager & Certification Regime to All Financial Services Firms
JD Supra (press release)
This will need to be submitted to the FCA as part of the SMF approval process. In addition, the FCA has proposed a list of prescribed responsibilities (“PRs”). These responsibilities must only be performed by a person approved to carry out a SMF, but a ...

Google News
Categories: Crowdfunding

FCA Warns of Clone Firm Pretending to be Admiral Markets - Finance Magnates

Wed, 08/02/2017 - 15:24

Finance Magnates

FCA Warns of Clone Firm Pretending to be Admiral Markets
Finance Magnates
The United Kingdom's financial markets watchdog, the Financial Conduct Authority (FCA), today exposed another fraudulent entity, this time bringing to light a clone that has been posing as Admiral Markets, a regulated provider of foreign exchange and ...

Categories: EIS SEIS

FCA Publishes Long-Awaited Consultation Papers on the Extension of the SMCR - Lexology (registration)

Wed, 08/02/2017 - 15:17

FCA Publishes Long-Awaited Consultation Papers on the Extension of the SMCR
Lexology (registration)
On 26 July 2017, the FCA published its long-awaited Consultation Papers on the extension of the Senior Managers and Certification Regime (SMCR) to all authorised firms. The "main" paper ("Individual Accountability: ... In this Paper, the FCA proposes a ...

Categories: Crowdfunding

Acenya Capital Limited back up with MEX Europe partnership – LeapRate CEO Interview - LeapRate

Wed, 08/02/2017 - 13:31

LeapRate

Acenya Capital Limited back up with MEX Europe partnership – LeapRate CEO Interview
LeapRate
Acenya Capital has signed a new white label partnership agreement with MEX Europe and, as it does not have its own FCA license, is acting as an appointed representative of MEX Europe, which is authorised and regulated by the Financial Conduct Authority ...

Categories: Crowdfunding

FCA focuses on responsible lending and car finance commission - Motor Trader

Wed, 08/02/2017 - 08:18

FCA focuses on responsible lending and car finance commission
Motor Trader
“This includes supervisory work with FCA-authorised lenders, detailed analysis of millions of anonymised credit reference agency records, and careful scrutiny of firms' sales practices and processes. “We are also working closely with the Bank of ...

Alpha FX Limited Obtains BIPRU License from British FCA - Finance Magnates

Tue, 08/01/2017 - 15:09

Finance Magnates

Alpha FX Limited Obtains BIPRU License from British FCA
Finance Magnates
The BIPRU investment registration is the third regulatory authorisation that Alpha FX Limited has applied for and obtained in order to build up and expand its global business. The company is licensed by the FCA as an authorised payment institution, and ...

Alpha authorised by FCA as BIPRU investment firm - London South East (registration) (blog)

Tue, 08/01/2017 - 13:10

Alpha authorised by FCA as BIPRU investment firm
London South East (registration) (blog)
Alpha FX (AIM:AFX) confirms today that its wholly owned subsidiary, Alpha FX Limited, has been authorised by the Financial Conduct Authority (FCA) as a BIPRU investment firm with immediate effect. As set out in the Group's Admission document, in ...

FCA Publishes Proposed Rules to Extend Senior Manager & Certification Regime to All Financial Services Firms - Lexology (registration)

Tue, 08/01/2017 - 11:24

FCA Publishes Proposed Rules to Extend Senior Manager & Certification Regime to All Financial Services Firms
Lexology (registration)
This is proposed to cover individuals presently registered under the approved person customer function as well as several other categories, including anyone who may be a material risk taker for the purposes of the FCA Remuneration Code. New conduct ...

LEBC opts for direct FCA authorisation - www.professionaladviser.com

Tue, 08/01/2017 - 11:08

www.professionaladviser.com

LEBC opts for direct FCA authorisation
www.professionaladviser.com
"Direct authorisation ensures we will be able to continue to put our clients at the heart of everything we do." McVitie added the firm would continue to work with Tenet. Tenet chief executive Martin Greenwood said: "We are delighted to continue to work ...

and more »

Regulator reveals rules for advisers giving guidance - FT Adviser

Tue, 08/01/2017 - 10:34

FT Adviser

Regulator reveals rules for advisers giving guidance
FT Adviser
In a consultation paper published today, the FCA has said this will mean guidance will cease to be a regulated activity for the majority of authorised firms. But it has proposed that the same rules should apply to authorised firms when they provide ...

and more »

FCA outlines plan for motor finance review - Car Dealer Magazine

Tue, 08/01/2017 - 08:10

Car Dealer Magazine

FCA outlines plan for motor finance review
Car Dealer Magazine
'This includes supervisory work with FCA-authorised lenders, detailed analysis of millions of anonymised credit reference agency records, and careful scrutiny of firms' sales practices and processes. 'We are also working closely with the Bank of ...
FCA sets out details of motor finance reviewAM-online
FCA Calls for Radical Action Against Unarranged Overdraft FeesMoney Expert (blog)
Financial regulator says overdraft fee cap may not solve current account concernsThe Independent
Reuters UK -The Insurance Insider (subscription) -FCA -FCA
all 77 news articles »

The Extension of the Senior Manager and Certification Regime to all FCA regulated firms - Lexology (registration)

Mon, 07/31/2017 - 17:56

The Extension of the Senior Manager and Certification Regime to all FCA regulated firms
Lexology (registration)
(a) The senior managers regime. The most senior people in a firm will be approved by the FCA, with firms also having a responsibility to ensure they are suitable for their role (with a review at least once a year). The senior managers will be required ...

Pages