Google FCA Authorisation - Broken

MoloFinance scores £3.7M seed funding to offer a fully digital mortgage - TechCrunch

Wed, 06/06/2018 - 08:01

TechCrunch

MoloFinance scores £3.7M seed funding to offer a fully digital mortgage
TechCrunch
Initially targeting 'Buy to Let' mortgages — i.e. people looking to buy property as an investment — while the company works through its regulatory approval process with the FCA, MoloFinance wants to offer an end-to-end mortgage process that is ...

Google News

FCA warns against Primus Forex Financial Group clone firm - LeapRate

Wed, 06/06/2018 - 07:39

FCA warns against Primus Forex Financial Group clone firm
LeapRate
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Primus Forex Financial Group. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm ...

Event : SMCR – Are You Ready? - HedgeWeek

Tue, 06/05/2018 - 23:17

Event : SMCR – Are You Ready?
HedgeWeek
In 2016 the banking sector was hit by the biggest change to their operations – the introduction of the Senior Managers and Certification Regime (SMCR). Two years on since its implementation, FCA authorised firms, including asset managers, investment ...

Google News

FCA flexes its muscles on claims managers - Law Gazette

Tue, 06/05/2018 - 23:07

Law Gazette

FCA flexes its muscles on claims managers
Law Gazette
The FCA says it is alive to the ease with which CMCs can re-emerge as a new entity following liquidation or insolvency. New applicants for a licence must pass a fit and proper test, and they are unlikely to be authorised if they have any ongoing ...

and more »

FCA Warns Against Fake Primus Capital Markets - Finance Magnates

Tue, 06/05/2018 - 17:06

Finance Magnates

FCA Warns Against Fake Primus Capital Markets
Finance Magnates
The clone company also claims to be licensed by the FCA, using the authorised firm's FRN and registered address. Help us to make Finance Magnates better! As per the press release issued by FCA, the clone firm chose ... Today's announcement is the ...

FCA sets out plans for regulation of claims management companies - Mortgage Finance Gazette Online

Tue, 06/05/2018 - 14:29

Mortgage Finance Gazette Online

FCA sets out plans for regulation of claims management companies
Mortgage Finance Gazette Online
Authorisation. All CMCs will need to authorised by the FCA. Prior to 1 April 2019, CMCs must notify their intention to register for temporary permission and pay the relevant fee to the FCA. Firms will then need to go through the FCA's authorisation ...
FCA: Claims management companies to highlight free alternativeswww.professionaladviser.com
FCA to authorise claims management companies from April 2019Credit Strategy
FCA outlines claims management regulation plansBestAdvice (blog)
Exchange News Direct
all 14 news articles »

Ian McKenna: FCA must name and shame badly behaving robos - Money Marketing

Tue, 06/05/2018 - 14:08

Money Marketing

Ian McKenna: FCA must name and shame badly behaving robos
Money Marketing
I called out similar concerns to those now raised by the regulator in Money Marketing over two years ago, when I reviewed an FCA-authorised “digital wealth manager” and found it seriously lacking in many areas traditional advice firms would be expected ...

FCA lists CMC regulation proposals - Insurance Age

Tue, 06/05/2018 - 11:22

www.professionaladviser.com

FCA lists CMC regulation proposals
Insurance Age
... on 1 April 2019 including in Scotland where they are currently unregulated. Firms now have until April to let the FCA know of their intention to register for temporary permission and pay the fee and then have to go through the FCA's authorisation ...
FCA: Claims management companies to highlight free alternativeswww.professionaladviser.com
FCA outlines plans for regulation of claims management companiesFinancial Reporter
Better protection for customers of claims management firmsYour Money
Exchange News Direct
all 10 news articles »

FCA launches consultation ahead of expected claims management firm clampdown - Mortgage Solutions

Tue, 06/05/2018 - 10:30

Mortgage Solutions

FCA launches consultation ahead of expected claims management firm clampdown
Mortgage Solutions
From 1 April 2019, regulation of claims management companies (CMCs), which act as the middle man between consumers and companies, will switch from the Claims Management Regulator to the FCA. Regulation will ... better protected. The proposals are aimed ...

Lynda Blackwell joins new digital mortgage lender Molo - Mortgage Strategy

Tue, 06/05/2018 - 09:34

Mortgage Strategy

Lynda Blackwell joins new digital mortgage lender Molo
Mortgage Strategy
Former FCA mortgage sector manager Lynda Blackwell has joined a new digital mortgage lender as a non-executive director. The start-up is called MOLO Finance and has yet to gain FCA authorisation for residential lending, but plans to launch into the ...

UK's Financial Conduct Authority Sets Out Plans For Regulation Of Claims Management Companies - Exchange News Direct

Tue, 06/05/2018 - 09:19

UK's Financial Conduct Authority Sets Out Plans For Regulation Of Claims Management Companies
Exchange News Direct
The Financial Conduct Authority (FCA) has today published draft rulesoutlining how it will regulate claims management companies (CMCs) when regulation passes to the FCA on 1 April 2019. Following a review of CMC ... New firms will need to decide ...

UK fund boards' independence much lower than incoming FCA rules want - www.professionaladviser.com

Tue, 06/05/2018 - 07:23

www.professionaladviser.com

UK fund boards' independence much lower than incoming FCA rules want
www.professionaladviser.com
Asset managers will need to overhaul their UK fund boards to meet the FCA's new rules designed to beef up independence, as research reveals firms have a "marked absence" of formalised board practice and procedure. ... "To rebalance this and to help ...

UK fund boards set for overhaul as independence significantly lower than incoming FCA rules - Investment Week

Tue, 06/05/2018 - 06:53

Investment Week

UK fund boards set for overhaul as independence significantly lower than incoming FCA rules
Investment Week
Asset managers will need to overhaul their UK fund boards in order to meet the Financial Conduct Authority's (FCA) new rules designed to beef up independence, as research shows current boards are "light" in this area and firms have a "marked absence ...

Transactive Systems secures e-money licence from FCA - Verdict

Mon, 06/04/2018 - 11:46

Verdict

Transactive Systems secures e-money licence from FCA
Verdict
International instant payments provider Transactive Systems has obtained approval from the Financial Conduct Authority (FCA) to issue e-money and offer payment services in the EU region and the UK. The approval enables businesses to use Transactive ...

AFM board independence falls short as FCA pushes US model - Portfolio Adviser

Mon, 06/04/2018 - 11:30

Portfolio Adviser

AFM board independence falls short as FCA pushes US model
Portfolio Adviser
In April, the Financial Conduct Authority (FCA) announced AFMs will have to appoint a minimum of two independent directors or 25% of the board, depending on which is higher, as part of the final remedies and changes in the asset management market study ...

and more »

Mattioli Woods slides as it ceases benefits transfer advice during FCA investigation - Proactive Investors UK

Mon, 06/04/2018 - 10:01

Proactive Investors UK

Mattioli Woods slides as it ceases benefits transfer advice during FCA investigation
Proactive Investors UK
The AIM-listed asset manager said that the cessation would be in effect during an industry-wide review by the Financial Conduct Authority (FCA) into the advice provided on transfers from defined benefit ("DB") to defined contribution ("DC") schemes ...

and more »

Transactive Systems Gains FCA E-Money Licence - Business Wire (press release)

Mon, 06/04/2018 - 07:00

Business Wire (press release)

Transactive Systems Gains FCA E-Money Licence
Business Wire (press release)
LONDON--(BUSINESS WIRE)--Transactive Systems, the international instant payments provider has been authorised by the Financial Conduct Authority as an Electronic Money Institution to issue e-money and provide payment services in the UK and across ...

Donna Reynolds: Don't mislead with what you do or do not divulge in a reference - The Scotsman

Mon, 06/04/2018 - 05:00

The Scotsman

Donna Reynolds: Don't mislead with what you do or do not divulge in a reference
The Scotsman
Although he came through this period of supervision successfully, he completed an investment for a client which he was not authorised to do and which did not comply with internal processes. An investigatory meeting led to a termination by Sense of his ...

The Money Marketing FCA Tracker - Money Marketing

Fri, 06/01/2018 - 15:39

The Money Marketing FCA Tracker
Money Marketing
Holzmann Friedrich (clone of FCA authorised firm). Fraudsters are using the details of firms we authorise ... We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary ...

UK: Tribunal Offers Guidance On Third Party Rights And Supervisory Notices - Mondaq News Alerts

Fri, 06/01/2018 - 15:39

UK: Tribunal Offers Guidance On Third Party Rights And Supervisory Notices
Mondaq News Alerts
On 27 June 2017, the FCA issued its First Supervisory Notice (FSN) against Stargate Capital Management, an authorised entity. Amongst other things, the FSN required that ... A balance needs to be struck between the interests of the authorised firm, or ...

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